Listed by Trinity Real Estate Investment Services, Bang Realty
$1,474,935
Dollar General - Eubank, KY
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Units 1
Cap Rate 6.75%
NOI $99,558
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 11/29/2037
Remaining Term 11.5
Rent Bumps Yes
Lease Options Five (5), 5-Year, 10%
Price per SqFt $139
Year Built 2023
Buildings 1
Acreage 2.170
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/29/2022
Ownership Fee Simple
Retail | 6.75% CAP | 10,640 SF
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Eubank, KY. The subject property is a large 10,640 SF building and has 12 years remaining on primary term.
Property Website: https://trinityreis.com/listing/60-w-hwy-452/
In cooperation with Brian Brockman at Bang Realty. Inc | KY #204982 | [email protected] | (513) 898-1551
Investment highlights
- Dollar General Store in Eubank, KY With 12 Years Remaining on Primary Term
- Absolute NNN Lease Requiring Zero LL Responsibilities
- Attractive 10% Rental Increases Every 5 Years in Option Periods
- Large 10,640 SF Building
- Limited Local Retail Competition - Store Serves as Primary Source of Goods for Local Residents
- Dollar General is an Investment Grade Tenant With a S&P Credit Rating of BBB
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
$99,558.00
$8,296.50/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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