Dollar General West Liberty, KY

Retail-Commercial for Sale
Catylist Listing ID: 30483234
Property Subtypes: Free-Standing Building
Building Size (RSF): 7,500 SF
Gross Building Area: See Agent
Sale Price: $1,069,511
Unit Price: $142.60 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Last Updated: 9/23/2019

Overview / Comments

We are pleased to present this excellent 15-Year NNN Dollar General investment opportunity in West Liberty, KY. The property is brand new construction with the lease commencing March 2019. There are five 5-year options with 10% rental increases with each option period.

Brand New 15 Year NNN Lease
7,500sf Store
6.75% Cap Rate
Lease Expiration - 03/07/2034
Five 5-Year Options with 10% Rental Increases
Part of a Larger Portfolio - Contact Agent for Details

Current Tenants

Tenant Business Name Dollar General

Additional Details

Nearest MSA: Mount Sterling
County: Morgan
Tax ID/APN: 153-00-00-015.00
Zoning: COMMERCIAL
Retail Clientele: General, Family
Property Visibility: Excellent
Area Description: West Liberty, KY is located approximately 90 miles east of Lexington and 70 miles west of Huntington, WV, both cities with local airports. The property is located near the intersection of KY 172 and KY 437, and sits in front of East Valley Elementary School. The combined traffic counts are over 1,900 vehicles per day.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,500 SF
Property Condition: Excellent
Year Built: 2019
Parking Type: Surface

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,231 2,231
Median Age: 38.75 38.75
Households: 905 905
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