For Sale
$2,594,550

1701 Main St La Crosse, KS 67548

Three Retail Properties, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional investment opportunity features a portfolio of three Dollar General properties located in Kansas: La Crosse (1701 Main St, 67548), Cawker City (1208 Wisconsin St, 67430), and Lincoln (1886 State Hwy 18, 67455). The portfolio totals 27,226 square feet, built in 2014/2015 and renovated in 2016, situated on 5.5 acres of land. Each property boasts an Absolute NNN lease with Dollar General, an investment-grade tenant (S&P rating BBB), minimizing landlord responsibilities. The current leases have approximately 5-6 years remaining on the primary term, with four 5-year options available on each. The portfolio offers a compelling 8.00% cap rate and a strong NOI of $207,525, with an asking price of $2,594,550 ($95.30/sq ft). Future rent increases are projected, further enhancing the return on investment. This is a rare opportunity to acquire a well-performing, low-maintenance retail portfolio anchored by a highly reputable national tenant. The properties are fee simple ownership.

Highlights

  • Absolute NNN leases with no landlord responsibilities.
  • Approximately 5-6 years remaining on primary lease terms, with four 5-year options on each.
  • Corporate leases guaranteed by Dollar General Corporation, Inc.
  • Investment-grade tenant (S&P rating BBB).
  • Upcoming rent increases; 7.73% cap rate projected in 2025.

Property Details for 1701 Main St

Property type
Retail properties
Square Feet
27,226 SF
Year Built/Renovated
2014/2016
Lot Size (sq. ft)
239,580 SF

Location Insight

City
La Crosse
County
Rush
State
Kansas
Latitude
38.539775
Longitude
-99.3105284
1701 Main St, La Crosse, Kansas

FAQs

What type of property is this?
Retail property - Three Retail Properties, Strong ROI
Where is the retail property located?
The property is located at 1701 Main St La Crosse, KS.
What is the asking price?
The asking price for this property is $2,594,550.
What are key features of this property?
This property features: Absolute NNN leases with no landlord responsibilities.; Approximately 5-6 years remaining on primary lease terms, with four 5-year options on each.; Corporate leases guaranteed by Dollar General Corporation, Inc.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1701 Main St
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