108 9Th StOsage City, KS 66523

Property Details for 108 9Th St

Year built

2013

Lot size

1.23 AC

Property size (Sq ft)

12,361 SF

Property type

Retail space

APN

070-147-25-0-20-05-002.00-0

APU

701472502005002000

Description

Exceptional investment opportunity: a 12,406 square foot Dollar General Plus/DG Market in Osage City, Kansas. This absolute NNN net lease property boasts a 7.50% cap rate and a strong corporate guarantee from Dollar General. The lease, commencing February 28, 2014, has a remaining term of approximately 4.3 years, with four, five-year renewal options including 10% rent increases. Built in 2014, this single-tenant property sits on a 1.31-acre lot at 108 N 9th St, Osage City, KS 66523, a prime location along Kansas Highway 31. The property's NOI is $118,697, with a price per square foot of $127.60 and an asking price of $1,583,000. The store, fully remodeled in 2021, is a relocation and expansion, demonstrating Dollar General's commitment to the community. This high-performing location ranks in the top 8% of all Dollar General sites in Kansas and the top 15% nationwide. The surrounding area has an average household income exceeding $63,000, and the trade area includes 13,731 residents. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

Location Insight

City

Osage City

County

Osage

State

Kansas

Latitude

38.6354

Longitude

-95.8193

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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