DOLLAR GENERAL MARKET

10020 NW US 24, Silver Lake, KS 66539
$1,916,545

Cap Rate
7.35%
Year Built
2024
Leasable Area
11,680 SF
Term Remaining
±9.5 YRS
Property Type
Retail

INVESTMENT HIGHLIGHTS

LEASE & LOCATION

  • 2024 Remodel: The subject property was retrofitted for a Dollar General Market store in 2024. The remodel included a brand new roof which is accompanied by a 15-year warranty, as well as a brand new HVAC system.
  • Dollar General Market: Dollar General Market stores are DG’s grocery concept and confirm that they are projecting a large sales volume at the location.10%
  • Rental Increases: The lease features attractive 10% increases every 5-years for the life of the lease (Base term + Options)
  • Long-Term Lease: 10-year initial lease term with Four, 5-Year Extension Options, ensuring long-term income potential.
  • Prime Highway Location: Located at 10020 NW US 24, Silver Lake, KS, along U.S. Highway 24, providing high visibility and daily traffic flow.
  • Large Lot & Building Size: 1.38-acre lot (60,000 sq. ft.) with a spacious 11,680 sq. ft. building.
  • Minimal Landlord Responsibilities: Landlord is responsible for roof, structure, and parking lot replacement. Tenant shall reimburse LL for parking lot maintenance. Tenant is responsible for taxes, insurance, and HVAC.

TENANT HIGHLIGHTS

  • Corporate-Backed Lease: Lease guaranteed by DG Retail, LLC (Dollar General), a subsidiary of the Fortune 500 company.
  • Essential Retailer: Dollar General is a recession-resistant business offering everyday essentials.
  • Investment-Grade Credit: Rated BBB (S&P), reinforcing its financial stability and reliability.
  • Expanding Footprint: With 19,000+ locations nationwide, Dollar General continues to grow as one of the leading discount retailers.

Broker of Record

  • Kyle Matthews
  • License No. #CO00002672 (KS)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
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