Address: 4 East Highway 96, Dighton, Kansas, United States 67839
Type: Discount Store
Cap Rate: 6.65%
Lease Type: Triple-Net (NNN)
Annual Rent: $75,900
Net Operating Income: $75,900
Lease Term Remaining: 15 Years
Rental Increases: 10% Each Option Period
Options: Three (3), Five (5)-Year
Year Built: 2018
Rentable Sq/Ft: 7,489 SF
Rent Sq/Ft: $10.13
Price Sq/Ft: $152
Lot Size: +/- 1.26
Marcus & Millichap is pleased to present the exclusive listing for a Dollar General located at 4 East Highway 96 in Dighton, Kansas. The property consists of approximately 9,100 square feet of building space and is situated on roughly 1.26 acres of land.
The Dollar General opened in November of 2018 and is subject to a 15-year absolute triple-net (NNN) lease. This lease commenced on November 11, 2018 and expires on March 31, 2034. The initial annual rent is $75,900 is scheduled to increase 10% in each of the three, five-year renewal options. Founded in Goodlettsville, Tennessee, Dollar General Corporation has been delivering value to shoppers for over 75 years. With over 15,000 stores in 45 states Dollar General is among the largest discount retailer.
The subject investment property is situated on East Long Street (KS-96) in Dighton, Kansas. East Long Street is the busiest road that travels through Dighton and connects Dighton to nearby cities such as Scott City, home to the Scott City Municipal Airport, a growing mode of transportation in Scott County. Within an immediate one-mile radius of the site is an affluent community with average household income exceeding$72,000.
This Dollar General is well-positioned on East Long Street in a qualified opportunity zone, less than half a mile from Dighton High School. The site is strategically surrounded by several national and local tenants, automotive care, local banks and lodging accommodations within the immediate area. Major national and local tenants include United States Postal Service, KwikShop, K&J Foods, First National Bank, Bumper-to-Bumper Auto Parts, Bretz Inc. Farm and Auto, Historic Heritage Hotel, Shay’s Inn, and more. The Lane County Hospital, a 25-bed critical access facility is less than one mile from the site. This Dollar General experiences limited competition in this region, with the nearest Dollar General store approximately 25 miles west of Dighton in Scott City. The seller of platted land on which the Dollar General will rest has also agreed not to lease, rent, occupy, or allow to be leased, rented or occupied, any remainder of the platted land for use of a Family Dollar, Bill’s Dollar Store, Fred’s, Dollar Tree, Ninety-Nine Cents Only, Deals, Big Lots, Walgreens, CVS, Rite Aid, or any Walmart concept.
Dighton, the county seat of Lane County, Kansas, is centrally located between Denver, Colorado and Kansas City, Missouri at the intersection of K-96 and K-23. Living in Lane County, you are also centrally located between Colby, Great Bend, Hays, Dodge City and Garden City, Kansas. The city of Dighton offers inexpensive land, major tax breaks on new construction (home or business), and little red tape or fees. Dighton combines agriculture, industry, history, civic activities, recreation and countless other events for a wholesome and fulfilled lifestyle, making it an ideal place to raise a family and grow your business. Dighton offers a wide range of events, from outdoor concerts, seasonal festivals and sports competitions, to spending time in local parks and relaxing with family for an afternoon of outdoor fun. Dighton is additionally located approximately 50 miles northeast of Garden City, the county seat of Finney County. Garden City continues to work to enhance its standing as the regional hub of western Kansas. The community is home to several financial institutions, medical facilities and retail shopping areas. Garden City is also home to Garden City Community College and the Lee Richardson Zoo, the largest zoological park in western Kansas. The Lee Richardson Zoo is an AZA-accredited zoo that attracts approximately 200,000 visitors annually and is home to more than 100 species of animals located on 47 acres.
Broker of Record: Colby Haugness License #00241410