Listed by Trinity Real Estate Investment Services, Bang Realty
$1,568,950
Dollar General - Happy, KY
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,640
Units 1
Cap Rate 6.75%
NOI $105,904
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/30/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $147
Year Built 2023
Buildings 1
Acreage 1.240
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/31/2023
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 Happy, 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/317-happy-cir/
In cooperation with Brian Brockman at Bang Realty. Inc | KY #204982 | [email protected] | (513) 898-1551
Investment highlights
- 2023 Dollar General in Happy, KY With 12+ Years Remaining on Primary Term
- 10,640 Square Foot Prototype That Accommodates a Larger Volume of Customers
- Absolute NNN Lease With No Landlord Responsibilities
- Great Visibility Along Happy Circle With 6,000+ Vehicles Passing Daily
- Limited Local Retail Competition, Store Located on the Main Thoroughfare in Happy, KY
- Strong Corporate Guaranty by Dollar General Corporation, With an S&P Credit Rating of BBB and Operates 20,000+ Locations
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
$105,904.00
$8,825.33/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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