Dollar General

Hoisington has a lot of resources for a community its size. Although Hoisington's people are the greatest resource, visitors and residents enjoy an abundance of opportunities and attractions. Whether you are looking for information on commerce, economic development, education, history, lodging and RVs, medical care, places of worship, recreational resources or restaurant and food options; Hoisington has it. Hoisington continues to work hard developing its local economy. Whether through the support of existing businesses or the attraction of new businesses, there are always numerous partners helping out. The City of Hoisington works with the Hoisington Area E-Community, Hoisington Chamber of Commerce and Hoisington Main Street to enhance our business environment. As a community, Hoisington has a number of incentives available for growth and development.Fortis Net Lease is pleased to present this built-to-suit 9,100 SF Dollar General store located in Kansas in the city of Hoisington. The property is secured with a recently renewed NN Lease leaving minimal landlord responsibilities. The lease contains 3 (5-year) options to renew, each with a 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. This Dollar General is highly visible as it is strategically positioned on Hwy-281 which sees 3,269 cars per day. The ten-mile population from the site is 6,459 while the three-mile average household income $61,224 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 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 8.50% cap rate based on NOI of $78,598.