Dollar General has a brand new 15 year Absolute NNN lease with a rare 3% rental escalation in the 11th year and four 5 year renewal options. The lease guarantor, Dollar General Corporation, is a national discount retailer with over 13,600 stores in 44 states and has stable ratings on both S&P and Moody’s (S&P: BBB | Moody’s: Baa2). This location is currently under construction with an estimated completion in December 2017.
Dollar General is located in Gas, Kansas, with great drive-by visibility along West 1st Street/US Hwy 54. The property is 2 miles from Iola, Kansas with businesses including Walmart, AutoZone, Verizon, McDonald’s & Allen Community College (a 2-year junior college offering multiple degrees & certificates with a total enrollment of over 2,300 students). Dollar General is also just 4.5 miles from Allen County Regional Hospital – Iola.
*In Association With: Lockwood Realty, LLC