New 10-Year NN Dollar General HIGH TRAFFIC SITE

Retail-Commercial for Sale
Catylist Listing ID: 30483407
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 9,100 SF
Gross Building Area: See Agent
Sale Price: $1,324,462
Unit Price: $145.55 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 6.5%
Last Updated: 4/29/2021

Overview / Comments

We are pleased to present this excellent 10-Year NN Dollar General investment opportunity in Barbourville, KY. The property is brand new retro-fit construction with the lease commencing February 2019. The NN lease structure includes Dollar General paying $300.00 per month toward maintenance, and can be reconciled at the end of the year. There are five 5-year options with 10% rental increases with each option period.

Brand New 10 Year NN Lease
9,100sf Store
6.5% Cap Rate
Lease Expiration - 02/28/2029
Five 5-Year Options with 10% Rental Increases
Part of a Larger Portfolio - Contact Agent for Details

Additional Details

Nearest MSA: London
County: Knox
Tax ID/APN: 088-00-00-003.01
Retail Clientele: General, Family
Property Visibility: Excellent
Area Description: Bailey Switch (Barbourville), KY is located along US-25 (Cumberland Gap Parkway) and has a population of over 3,000. This Dollar General is located on US-25 which as a daily traffic count of 18,015 vehicles per day. It is conveniently located 3 miles from Union College, which has a student enrollment population of over 1,200.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,100 SF
Property Condition: Excellent
Year Built: 2019
Parking Type: Surface

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,137 15,942
Median Age: 36.16 37.43
Households: 2,424 6,272
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