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Dollar General
Airpark Avenue, Liberal, KS 67901
$1,899,188
Cap Rate 6.40%
Summary
| Price $1,899,188 | Built/Renov 2024 | Tenant Dollar General |
| Cap Rate 6.40% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
10,640
| Lease Start
02-26-2024
| #Units
19,294
|
| Price/SF $178.50 | Expiration
02-25-2039
| Tenant Type Dollar/Discount |
| NOI $121,548 | R. Term 15.2 | Ownership Fee Simple |
| Rent/SF
$11.42
| Increases 5.0%/5/yrs | Pop 5Mi 20,271 |
| Lot/AC 1.50 | Options 4/5yrs/5% | AHHI 5Mi $71,368 |
| | |
Lease Highlights
- Brand new 2024 construction
- Dollar General will be signing a brand new 15-year lease with 4 (5-year) options to extend at the close of escrow
- Lease features a 5% rental increase every 5 years throughout the initial term and at the start of each option
- Absolute NNN | Zero landlord responsibilities
- Corporate guarantee by Dollar General Corp. (NYSE: DG)
Location Description
The 10,640 square foot Dollar General benefits from its location along Western Avenue & Airpark Avenue (7384 +VPD), and its proximity to US Highway 54, a main thoroughfare for the city of Liberal. The property is also within close proximity to Liberal High School and Liberal Airport, both of which drive continual daily traffic through the area. Nearby major retailers include Harbor Freight,...
...Features
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New construction
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Near major nationals
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Strategically located
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Highway close
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Brand new lease
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Long 15+ yr lease
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Absolute NNN
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Traded and rated company
-
Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- Tenant: Dollar General
- Guarantor:Corp T and Rated
- Company:Dollar General Corp.
- # Units:19,294
- Tenant S&P: BBB
- Moody’s: Baa3
- Stock:NYSE: DG
About Tenant
Dollar General Corporation (NYSE: DG) is an American chain of variety stores. As of 2023, Dollar General operates more than 19,200 stores in 47 states and Mexico. The stores deliver everyday low...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,186 | 19,448 | 19,971 |
| 2023 Total Population : | 5,293 | 19,726 | 20,260 |
| 2023 Employed Civilian Pop : | 2,652 | 9,617 | 9,869 |
| 2023 Total Businesses : | 106 | 898 | 926 |
| 2023 Average Household Income : | $ 71,518 | $ 71,016 | $ 71,366 |
| 2023 Total Consumer Spending : | $ 109 M | $ 414 M | $ 429 M |
| 2023 Median Age : | 30 | 31 | 31 |
| 2023 Total Households : | 1,743 | 6,625 | 6,830 |
| 2023 Pop Age 25+: Bachelor's Degree : | 126 | 878 | 933 |
| 2023 Average Home Value : | $ 104,369 | $ 138,229 | $ 139,584 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Airpark Ave | 2021 | 7,384 | 0.24 mi | |
| North Western Avenue | Sierra Dr | 2021 | 7,936 | 0.39 mi |
| West 2nd Street | S Grant Ave | 2021 | 3,777 | 0.46 mi |
| Rd 3 | 2021 | 7,791 | 0.57 mi | |
| South Western Avenue | Rd 3 | 2018 | 6,990 | 0.57 mi |
| N Tulane Ave | 2021 | 2,425 | 0.62 mi | |
| South Western Avenue | S Clay Ave | 2021 | 9,549 | 0.68 mi |
| South Western Avenue | Old Hwy 54 | 2018 | 7,270 | 0.68 mi |
| South Clay Avenue | W 1st St | 2021 | 2,996 | 0.69 mi |
| The Yellow Brick Road | S Western Ave | 2018 | 7,570 | 0.73 mi |
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