PLAINVILLE, KS – [July 15, 2020] Blue West Capital has completed the sale of a single tenant net leased Dollar General property located at 205 3rd Street NW in Plainville, KS for $1,021,500. Robert Edwards represented the purchaser, a Colorado-based investor.
Dollar General has operated at this location since 2013 and has a long-term triple net lease. The lease features a rare 3% rental increase in year eleven. Dollar General is an investment grade rated company with a Standard & Poor’s rating of BBB.
The property is located along Plainville’s main East-West thoroughfare, Kansas Highway 18. The location benefits from minimal competition in the surrounding area, as the nearest Family Dollar and Walmart are 15 miles and 25 miles away respectively.
“Private investors continue to gravitate towards Dollar General properties. Dollar General is an essential business that is e-commerce resistant, recession-proof, and continues to rapidly expand. Dollar General deals offer investors an investment grade tenant priced at a discount to the rest of the single tenant market,” said Robert Edwards, Managing Partner.