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120 Lebow Street, Mankato, KS, 66956

Dollar General
Closed

Key Information

Tot. SF
9,100
Year Built
2015
Term Remaining
±5 YRS
Type
Retail

Highlights

  • Investment-Grade Tenancy with Corporate Guarantee – Leased to Dollar General Corporation (NYSE: DG), an investment-grade tenant rated BBB by S&P and listed on the Fortune 500, providing institutional-quality credit and secure long-term income.
  • Absolute Triple-Net (NNN) Lease – The property features a true absolute NNN structure, requiring no landlord responsibilities for maintenance, taxes, or insurance—offering stable, passive cash flow.
  • Long-Term Lease with Built-In Rent Growth – Approximately 5 years of primary term remain, followed by four (4) five-year renewal options, each with 10% rental escalations, supporting long-term income growth and inflation protection.
  • 2015 Built-to-Suit Construction – Delivered in 2015 as a purpose-built Dollar General, the property reflects tenant-specific design standards and indicates a strong long-term commitment to the location.
  • Strategic Location with Limited Competition – Positioned within a robust trade area with minimal direct retail competition, reinforcing strong customer demand and sustainable store performance.
  • Resilient Tenant and Business Model – Dollar General operates in the discount retail sector, a segment that is historically recession-resistant and largely insulated from e-commerce disruption—supporting tenant
    durability across market cycles.
  • Attractive Yield Profile – The offering delivers an above-market yield relative to comparable net-lease retail assets, presenting a compelling return on investment.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203