49138 Highway 20 - Freestanding FOR SALE


Oneill, NE 68763
$2,214,933 USD
513-300-0763
49138 Highway 20, Oneill, NE for Sale
$2,214,933 USD
Freestanding - FOR SALE
1/3
null | 6.75% Cap Rate

49138 Highway 20
Oneill, NE 68763


HIGHLIGHTS

  • 15 Year Absolute NNN Lease | Zero Landlord Responsibilities 14 Years Remaining on Primary Term
  • 5% RENTAL RATE INCREASES EVERY 5 YEARS! | 2024 BTS | Super Size Footprint
  • Four (5 Year) Options | 5% Rental Increase At Each Option | Three Mile Household Income $74,088
  • Ten Mile Population 5,163 | Main Thoroughfare | 4,487 Cars Per Day
  • Investment Grade Dollar Store with "BBB" Credit Rating | Concrete Parking Lot

OVERVIEW

We are pleased to present this 12,687 SF. Dollar General Plus store located in O'Neill, Nebraska. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years, including at each of the 4 (5 year) options to renew. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store completed construction & successfully opened for business in July 2024. This Dollar General is highly visible as it is strategically positioned on the main thoroughfare US-20 which sees 4,487 cars per day. The 10 mile population from the site is 5,163 and the 3 mile average household income is $74,088 per year, making this location ideal for a Dollar General. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Dollar General. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation’s top dollar store. List price reflects a 6.75% cap rate based on NOI of $149,508.

FOR SALE DETAILS

PRICE

$2,214,933 USD

PRICE/SF

$175 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,305 SF

ZONING

Commercial

APN/PARCEL ID

450629400

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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

Brian BrockmanBang RealtyMore Info
513-300-0763

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