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29187043
29187042

224 S Main St, Franklin, KY 42134

JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
MK
TX 771801, NV S.0189416.LLC
SRS Real Estate Partners - Global Company
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners - Global Company
$1,642,000
378 days on market
Updated 42 days ago

Dollar Tree

Details
APN 013-00-26-007.00
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 11,962
Cap Rate 7.25%
NOI $119,019
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN
Rent Bumps Yes
Lease Options 4 (5-year)
Year Built 1999
Year Renovated 2025
Acreage 1.190
Zoning Commercial
Parking Spaces 59 spaces
Parking Per SqFt 4.93
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Retail | 7.25% CAP | 11,962 SqFt

Investment highlights

  • Brand New, 8-Year Lease | Options To Extend | Uncapitalized Rent

  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities

  • Signalized, Hard-Corner Intersection (19,100 VPD) | Retail Corridor | Strong National/Credit Tenant Presence

Listing Contacts

JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
MK
TX 771801, NV S.0189416.LLC
SRS Real Estate Partners - Global Company
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners - Global Company

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,019.00
$9,918.25/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Sarah Shanks
License
KY License No. 271256
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
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