1519 E 7th St - Freestanding FOR SALE


Wayne, NE 68787 | 
$1,442,215 USD
513-300-0763
1519 E 7th St, Wayne, NE for Sale
$1,442,215 USD
Freestanding - FOR SALE
1/2
null | 6.5% Cap Rate

1519 E 7th St
Wayne, NE 68787


HIGHLIGHTS

  • Strategic Wayne Location – Positioned Along E 7th St at Centennial Rd, a Main Thoroughfare Surrounded by Residential, Retail, and Industrial Uses
  • High Traffic Exposure – Approximately 12,243 Vehicles Pass Site Daily at the Intersection of Centennial Rd and E 7th St, Providing Strong Visibility
  • Projected Population Growth – +1.73% Population Growth is Projected within 1 Mile Over the Next 5 Years, Supporting Continued Local Consumer Demand
  • Near Wayne State College – Located Approximately 1 Mile from Wayne State College, a Major Local Institution and Employment Driver With 4,500+ Students
  • Modern Retail Asset – The Property Features a 10,640 SF Dollar General Plus Store, Constructed in 2021, Providing a Modern Retail Facility.
  • The Lease Features a 3% Rental Increase in Year 11, Followed by 10%Increases in Each of Four 5-Year Renewal Options, Providing Built-In Income Growth

OVERVIEW

This modern Dollar General property is strategically positioned along E 7th St at Centennial Rd, a main thoroughfare in Wayne, NE, surrounded by residential, retail, and industrial uses. The 10,640 SF Dollar General Plus Store was constructed in 2021 and features a corporate guarantee from Dollar General Corporation (NYSE: DG), an investment-grade credit tenant rated BBB / Stable by S&P and Baa3 / Stable by Moody's. The lease commenced in December 2021 and expires in December 2036, with over 10 years of term remaining and four 5-year renewal options. The property benefits from strong visibility with approximately 12,243 vehicles passing the site daily at the intersection of Centennial Rd and E 7th St. It is located approximately 1 mile from Wayne State College, a major local institution with over 4,500 students, and is surrounded by established retailers including Ace Hardware, McDonald's, Pizza Hut, O'Reilly Auto Parts, and Casey's. The lease features a rare 3% rental increase in Year 11, followed by 10% increases in each of four 5-year renewal options, providing built-in income growth. The NNN lease structure includes zero landlord responsibilities, providing investors with a passive ownership structure and predictable contractual income.

FOR SALE DETAILS

PRICE

$1,442,215 USD

PRICE/SF

$158 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,244 SF

ZONING

04-INDUSTR

APN/PARCEL ID

0004441.10

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.