Investment Offering – $1,472,708
Location: 2018 Metropolitan Avenue, Kansas City, KS
|Current Rent: $95,726||Cap Rate: 6.50%|
|Lease Term: 11||Remaining Term: 15|
|Lease Type: NNN||Building Sq. Ft.: 9,026|
|Renewal Options: 4, Five Year Options|
- Dense Infill location, great demographics for a dollar store.
- Over 207,000 population in 5 mile radius with an average HH income level of $60,000
- Strategic location adjacent to the 69 freeway with approximately 30,000 VPD
- Lease is guaranteed by the Dollar General corporation, S&P rating of BBB
- Upgraded Block Façade
- Significant amount of new construction in the area
Kentwood Capital Advisors is pleased to offer for sale to qualified investors a Dollar General property with a long term lease, located at 2018 Metropolitian Ave., Kansas City, Kansas.
Dollar General, as a company, continues to perform exceptionally well, improving their average store sales and increasing profitability year-over-year. Furthermore, Dollar General is the only dollar store retailer which holds an investment grade credit rating. With more than 12,000 stores nationwide, Dollar General plans to continue expansion over the next five years.