Available Properties
Dollar General – Rose Hill, KS
- 420 N Rose Hill Rd, Rose Hill, KS 67133
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
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Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $730,000
- 7.80%
- 3 Years
- NN+ Lease
- Corporate Guarantee
Highlights
- Long-Term Lease with Options to Extend: Dollar General's current 5-year extension was executed in 2022, with five additional 5-year options to extend, demonstrating a strong commitment to the site
- Scheduled Rental Increases: The lease includes rental increases at the beginning of each option, helping
- Corporate Guarantee: The lease is corporate guaranteed by Dollar General, an established, investment-grade company (S&P rating BBB) with over 18,700 locations across 47 states.
- NN Leased – Limited Landlord Responsibilities: The lease is double net (NN), meaning the tenant is responsible for CAM (common area maintenance), taxes, insurance, and most maintenance. The landlord's responsibilities are limited to the roof, structure, and parking lot, making this an ideal low-maintenance investment.
- Prime Location on North Rose Hill Road: The property is strategically located on North Rose Hill Road, a high-traffic area with limited competition, as it is one of only two discount stores in the area. It draws from a strong residential base
- Capital Improvements: All four HVAC units were replaced in 2023.
- Below Market Rent: Tenant paying well below market rent at $6.26/Sf
- Strategic Location in the Wichita MSA: Located within the Wichita, KS MSA, one of the fastest-growing areas in Kansas
Sale Description
AMC Real Estate Investment Services presents a prime investment opportunity: a Dollar General property located at 420 N. Rose Hill Road, Rose Hill, KS.This 9,100 square foot building, sitting on 1.1 acres, features a long-term NN+ lease with 3 years remaining and 5 (5-year) renewal options with scheduled rent increases. Dollar General, a Fortune 500 company with an investment-grade BBB rating, guarantees the lease. Recent capital improvements include new HVAC units installed in 2023, and with limited landlord responsibilities, this property offers low-maintenance ownership. Situated on a high-traffic road, it draws from a growing local population, making it an attractive, stable investment.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
5,879 |
$92,451 |
|
5 Mile |
8,657 |
$104,176 |
|
10 Mile |
111,25 |
$91,677 |
