Marcus & Millichap Sells Dollar General Property In Kansas For $1.08M
504 Water Street
$1,075,000
$143/SF
Building Size
7,489 SF
Asset Type
Retail
Closing
Nov 30, 2023
AI
Marcus & Millichap has closed the sale of a 7,489-square-foot Dollar General property located at 504 Water Street in Kansas, Illinois. The property was sold for a total price of $1,075,000, resulting in a price per square foot of $144.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,075,000
- Square Footage: 7,489
- Address: 504 Water Street
- Market: Kansas
The sale of the property was facilitated by investment specialists from Marcus & Millichap. Craig Fuller, Erin Patton, Dustin Javitch, Maria DeAngelis, and Scott Wiles, all representing Marcus & Millichap, acted as the brokers in the deal. The seller was a private investor, while the buyer was secured by Maria DeAngelis through an all-cash 1031 exchange.
Players
Kansas Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93