7870 State Highway 87 - Freestanding FOR SALE


Whiteclay, NE 69365
$1,796,548 USD
513-300-0763
7870 State Highway 87, Whiteclay, NE for Sale
$1,796,548 USD
Freestanding - FOR SALE
1/3
null | 7.3% Cap Rate

7870 State Highway 87
Whiteclay, NE 69365


HIGHLIGHTS

  • Hugely Successful Store | Ranked #2 in NE for Foot Traffic and Performs in the Top 4% in the NATION!
  • 15 Year Absolute NNN Lease | Zero Landlord Responsibilities | 13 Years Remaining on Primary Term
  • 2023 BTS | Super Sized Footprint | Serving the Pine Ridge Indian Reservation | 20,000 People
  • Four (5 Year) Options | 10% Rental Increase At Each Option | Three Mile Household Income $66,443
  • Ten Mile Population 1,572 | Main Thoroughfare | 4,531 Cars Per Day
  • Investment Grade Dollar Store with "BBB" Credit Rating | Concrete Parking Lot

OVERVIEW

We are pleased to present this 12,668 SF. Dollar General Plus store located in Whiteclay, Nebraska. The property is secured with a 15 year, Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 4 (5 year) options to renew, each with a 10% rental rate increase. 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 2023. It is ranked the 2nd highest store in all of Nebraska for foot traffic! Additionally, it ranks in the top 4% NATIONWIDE! This Dollar General is highly visible as it is strategically positioned on the main thoroughfare NE-87 which sees 4,531 cars per day. The 10 mile population from the site is 1,572 and the 3 mile average household income is $66,443 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 7.30% cap rate based on NOI of $131,148.

FOR SALE DETAILS

PRICE

$1,796,548 USD

PRICE/SF

$144 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

03-COMMERC

APN/PARCEL ID

810064499

ASK ABOUT THIS PROPERTY

Brian BrockmanBang RealtyMore Info
513-300-0763

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Brian BrockmanBang RealtyMore Info
513-300-0763

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