Listed by Trinity Real Estate Investment Services, Bang Realty
$1,076,125
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 9,100
Units 1
Cap Rate 8%
NOI $86,090
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN
Lease Term 10
Lease Expiration 02/28/2029
Remaining Term 2.7
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $118
Year Built 2019
Acreage 2.610
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/24/2019
Ground Lease No
Ownership Fee Simple
Retail | 8.0% CAP | 9,100 SF
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Barbourville, KY. It is a lower price point / higher cap rate NN Dollar General.
Cooperating Broker: Brian Brockman
Bang Realty, Inc | KY #204982
[email protected] | (513) 898-1551
Property Website: https://trinityreis.com/listing/28-n-ky-3438/
Investment highlights
- 2019 Build Kentucky Dollar General
- NN Lease Structure - Tenant Fully Responsible for HVAC Repairs and Replacement and Fully Reimburse Landlord for CAM Expenses
- Strong Traffic Counts in Front of Subject Property - 18,000+ VPD
- Healthy Population With 12,000+ Residents Within 5 Miles of Store
- Located in Southeastern KY - Barbourville has a Population Over 3,500
Listing Contacts
Listed by Trinity Real Estate Investment Services, Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,090.00
$7,174.17/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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