Catylist ID:
#30827425
NN Family Dollar - Dollar Tree London, KY
Retail-Commercial
for Sale
| Catylist Listing ID: | 30827425 |
| Property Subtypes: | Free-Standing Building |
| Building Status: | Under Construction |
| Building Size (RSF): | 10,500 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,948,800 |
| Unit Price: | $185.60 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Average Occupancy Rate: | 100 |
| Last Updated: | 1/31/2023 |
Overview / Comments
|
We are pleased to present this opportunity to purchase a brand-new Family Dollar Dollar Tree located in London, KY. This is a perfect investment option for stable cash flow with a company that has proven to be resilient throughout all economic cycles. There is a 10-year NN lease in place with Family Dollar Stores of Kentucky, LP. The property is located within Laurel County, which is one of Kentucky’s fastest growing and development friendly communities. This store is within 3 miles from 4 public schools, and is nearly 4 miles from the closest Walmart. The traffic counts are over 11,000 VPD on Hal Rogers Pkwy, and over 3,000 VPD on Johnson Road. HIGHLIGHTS 10-Year NN Lease Guaranteed by Family Dollar (a subsidiary of Dollar Tree: DLTR “BBB” Credit Rating) 14,481 AADT (Hal Rogers Parkway and Johnson Road) Recession-Resistant Tenant and Stable Cash Flow for 10 Years Located in one of Kentucky’s fastest growing regions 6.25% Cap Rate |
Attachments & Media
Additional Details
| Nearest MSA: | London |
| County: | Laurel |
| Tax ID/APN: | 063-40-00-013.00 |
| Zoning: | COMMERCIAL |
| Retail Clientele: | General, Family |
| Property Visibility: | Excellent |
| Area Description: | London, Kentucky is the county seat of Laurel County, situated 75 miles south of downtown Lexington and 100 miles north of downtown Knoxville, Tennessee. Laurel County is one of the most aggressive counties in relation to growth and infrastructure. According to the 2020 Census, the population in Laurel County is over 62,000. To learn more about London, KY visit their website at: https://lookatlondonky.com/ |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Excellent |
| Year Built: | 2023 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,938 | 11,661 | 23,493 |
| Median Age: | 38.11 | 38.98 | 38.97 |
| Households: | 1,307 | 4,822 | 9,486 |
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