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

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

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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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