Dollar General - Atchison, KS

727-729 Kansas Ave Atchison , KS 66002

Dollar General - Atchison, KS - Retail for sale

Download Offering Memorandum


JLL is pleased to offer for sale the fee-simple interest in a two-tenant building (the “Property” or “Asset”) located in Atchison, Kansas. The Property is tenanted by Dollar General and Atchison County Community Corrections on recently-extended renewal options. Located on the hard corner of Kansas Avenue and 8th Street in downtown Atchison, the Asset is surrounded by the area’s main retailers and employers, offering long-term intrinsic value. The strategic positioning in downtown Atchison has resulted strong store sales for Dollar General and long-lasting occupancy from both tenants. This Asset presents the opportunity to acquire a property with a national retail tenant in a prime location. Broker of Record: Larry Glaze - KS - 00026081

Investment Highlights

The Property is located in downtown Atchison among the city’s largest employers and national retailers, including MGP Ingredients, Atchison Middle School, Atchison YMCA, City of Atchison, McDonald’s and the United States Postal Service.

Both tenants have exercised multiple renewal options for the Property, reflecting their commitment to this location.

Dollar General possesses significant market share and faces minimal competition, with no national dollar stores within a 15-mile radius of the Asset.

Operating on an double-net lease structure, Dollar General’s lease features minimal landlord responsibilities and one, five-year renewal option with a ten percent rental increase.

Dollar General offers investment-grade tenancy (S&P: ‘BBB’) and contributes 87% of the Asset’s total net operating income.

Property Type Retail
Tenure Type Sale / Purchase
Property Address 727-729 Kansas Ave, Atchison, KS 66002-2436
Building Size 12,988  ft2
Price $540,000
Cap Rate 8.50%
Current NOI $45,890.00
Tenant's Name DOLLAR GENERAL Corporation
Lease Type NN
Annual Rent $39,930.00
Lease Expiration Date 07/31/2022
Remaining Term 3.2Yrs

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
    Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details, TN
    Type(s):     Industrial
    Deal Type(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
  • Bob's Discount Furniture - Stoughton, MA, Stoughton, JLL PowerSearch
    Bob's Discount Furniture - Stoughton, MA
    601 Technology Center DrStoughton, MA 02072-4719
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     9,390,000
    Space Available:     34,136 ft2
  • Walgreens - East Providence, East Providence, JLL PowerSearch
    Walgreens - East Providence
    600 Warren AveEast Providence, RI 02914-2808
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
  • Bob's Discount Furniture, Orange, JLL PowerSearch
    Bob's Discount Furniture
    515 Boston Post RdOrange, CT 06477-3509
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     6,588,000
    Space Available:     28,024 ft2
  • Walgreens - Westbrook, CT, Westbrook, JLL PowerSearch
    Walgreens - Westbrook, CT
    1211 Boston Post RdWestbrook, CT 06498-1949
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     8,532,000
    Space Available:     14,820 ft2
  • Ashley HomeStore - Leasehold, Norwalk, JLL PowerSearch
    Ashley HomeStore - Leasehold
    51 Richards AveNorwalk, CT 06854-2309
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     Contact Us
    Space Available:     24,041 ft2