Abilene KS Dollar General & Antique Store 2101 N Buckeye Avenue, Abilene, KS Cap Rate 8.15% Abilene ( Kansas, US ) Built

$537,520 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 15,000 sq. ft.
  • Development Level: Built
  • Year Built: 1982

Description

Abilene KS Dollar General & Antique Store 2101 N Buckeye Avenue, Abilene, KS Cap Rate 8.15%

Cap Rate: 8.15%
NOI: $43,808
Building Size: 15,000 sqft
Occupancy: 100%
Year Built: 1982

Price: $537,520 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a two-tenant, 100% occupied, freestanding investment property located in Abilene, Kansas. The tenant line up consists of Dollar General (S&P: BBB) and Yesterday’s Rose Antique Mall. Dollar General has approximately 6 years remaining in their initial term with 1 (5-year) option to extend. The other tenant, Yesterday’s Rose Antique Mall, recently extended their lease in September 2020, providing 6 years of firm term remaining and demonstrating their commitment to the site. Dollar General is an American chain of variety stores that has become one of the most profitable stores in the rural United States with their net income reaching over $1.4 billion for the first 6 months of 2020. The company plans to open 1,000 new stores across the U.S. in 2020, expanding its presence to 46 states.

The subject property is strategically located along Buckeye Avenue, a local retail and commuter thoroughfare averaging 7,600 vehicles passing by daily. The site benefits from nearby direct on/off ramp access to Interstate 70 (18,000 VPD), a major east-west commuter highway traveling through Abilene and serving as a gateway to major markets throughout the central United States. The asset profits from excellent visibility via 2 large pylon signs along Buckeye Avenue as well as easy access via 4 separate street entrances. The Abilene retail corridor is home to a variety of nearby national/credit tenants including McDonald’s, O’Reilly Auto Parts, Burger King, AutoZone, Sonic, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, there is extremely limited competition in the surrounding 8-mile area with Dollar General being the primary dollar store option for the city of Abilene. Moreover, the subject property is within close proximity to multiple apartment complexes including Abilene Center (24 units) and Mulberry Court Apartments (56 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of more than 8,400 residents and nearly 3,700 daytime employees with an average household income of $64,392.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.