84062 -121Battle Creek, NE 68715

For Sale
$1,068,000

7.8 Years Remaining, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 7,489 square foot Dollar General store located at 84062 NE-121, Battle Creek, NE 68715. The property sits on a 1.27-acre lot and was built in 2017. This is an absolute NNN (triple-net) lease with a remaining term of 7.8 years, providing significant passive income with zero landlord responsibilities. The lease commenced July 2, 2017, and expires July 30, 2032, with five 5-year renewal options. The asking price is $1,068,000, representing a 7.00% cap rate. The property boasts 100% occupancy since its opening and serves as the primary general merchandise and grocery store in Battle Creek, a high middle-class agricultural community with an average household income of $92,856 within a 5-mile radius. Dollar General, a Fortune 500 company, operates over 20,000 locations and enjoys an investment-grade S&P credit rating. The store benefits from direct frontage on NE Hwy 121 and proximity to downtown Battle Creek. This is a rare opportunity to acquire a stable, high-performing retail asset backed by a financially strong and reputable tenant. Rent bumps are included in the lease options.

Highlights

  • 7.8+ years remaining on a triple-net lease with five 5-year renewal options; zero landlord responsibilities.
  • Corporate guarantee from Dollar General, a Fortune 500 company with an investment-grade S&P credit rating (BBB).
  • Dollar General's strong growth trajectory includes significant new store openings, remodels, and relocations, projecting 6% to 6.7% net sales growth.
  • The property is Battle Creek's only national grocery chain, serving a high-income demographic.
  • Excellent visibility and location with direct frontage on NE Hwy 121, near downtown Battle Creek.
  • Strong demographics: Average household income within a 5-mile radius is $92,856.

Property Details for 84062 -121

Property type
Other retail properties, Individual retail properties
Square Feet
7,489 SF
Year Built
2017
Buildings
1
Lot Size (sq. ft)
55,321 SF
Units
1

Location Insight

City
Battle Creek
County
Madison
State
Nebraska
Latitude
42.00882343
Longitude
-97.60123173
84062 -121, Battle Creek, Nebraska

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84062 -121
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