Listed by Trinity Real Estate Investment Services, Bang Realty
$1,490,355
Dollar General - Albany, KY
Details
Property Type Retail
Sub Type Convenience Store, Grocery Store
Square Footage 10,542
Units 1
Cap Rate 6.5%
NOI $96,873
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/30/2037
Remaining Term 11.4
Rent Bumps Yes
Lease Options Five (5), 5-Year; 10%
Price per SqFt $141
Year Built 2022
Buildings 1
Acreage 1.640
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/27/2022
Ownership Fee Simple
Retail | 6.5% CAP | 10,542 SF
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in Albany, KY. The subject property is a large 10,542 SF building and has 11+ years remaining on primary term.
Property Website: https://trinityreis.com/listing/16-winter-hawk-ln/
In cooperation with Brian Brockman at Bang Realty. Inc | KY #204982 | [email protected] | (513) 898-1551
Investment highlights
- 2022 Dollar General in Albany, KY With 11+ Years Remaining on Current Term
- Absolute NNN Lease With No Landlord Responsibilities
- 10% Rent Increases in the Option Periods
- Large 1.64-Acre Corner Lot at the Intersection of S Hwy 127 and Wolf River Dock Rd With Combined Traffic Counts of 6,000+ Vehicles Passing Daily
- 10,542 Square Foot Prototype That Accommodates a Larger Volume of Customers
- Healthy 5-Mile Demographics for a Dollar Store With 5,000+ Residents
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
$96,873.00
$8,072.75/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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