504 Dakota Ave S
Wessington Springs, SD 57382
Dollar General
| Offering Summary | |||
|---|---|---|---|
| Price | $1,202,978 | Cap Rate | 6.85% |
| NOI | $82,404.00 | Rentable SF | 9,026 SF |
| Lot Size | 0.95 +/- Acres | Year Built | 2017 |
| Lease Type | Absolute NNN | Lease Term | 9 Years |
Investment Highlights
- 9-Years Remaining on a 15-Year Absolute NNN Lease w/ 3% Rent
Increase in 2027 & 10% Increases Every 5-Yrs in the Option Periods - Long-Term Absolute NNN Lease (Zero Landlord Responsibilities)
- Dollar General (NYSE: DG) Corporate Guarantee & Investment
Grade Credit (S&P Rated BBB) - Great Visibility & Access on Dakota Ave S, the Major Thoroughfare
Through Downtown Wessington Springs - Dollar General “Hub” Location (Only Dollar Store in 25-Mile Radius)
- Located in the Income Tax-Free State of South Dakota
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com