Investment Offering
Hugoton, KS - Dollar General
1042 S. Madison Street | Hugoton, KS 67951
$1,413,836
Price6.7%
Cap Rate$94,727
NOI10,566
± SF Offering GLA1.38
± AC Land AreaDescription
9+ Years Remaining | Corporate Guaranteed | Investment Grade Tenant | Scheduled Rental Increase
• The lease is corporate guaranteed by Dollar General, Corp., an investment grade (S&P: BBB), nationally recognized, and an established discount store with more than 16,500 locations
• More than 9 years remaining on the initial term with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases at the beginning of each option, generating NOI and hedging against inflation
Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
Strong Operator | 1,000 New Stores In 2020
• Dollar General Stores is an American chain of variety stores that has become one of the most profitable stores in the rural United States with revenue reaching $26 billion in 2019
• The company plans to open 1,000 new stores across the U.S. in 2020, expanding its presence to 46 states throughout the country
Location
Located Along E. 11th Street | Nearby Local Schools | Limited Competition | Excellent Visibility & Access
• Strategically located at the hard corner intersection of E. 11th Street and S. Madison Street
• Dollar General is positioned directly down the street from the local schools, such as Hugoton Middle School and Hugoton High School
• This site is the only discount store within Hugoton, creating a large consumer draw for the immediate trade area
• The asset benefits from excellent visibility via significant street frontage along E. 11th Street and is equipped with a large pylon sign
Local Demographics & Trade Area
• More than 4,500 residents and 2,000 employees support the 10-mile trade area
• Features an average household income of $68,390
Documents & Links
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 Offering Memorandum |  |  |