Listed by Marcus & Millichap - Milwaukee, Marcus & Millichap - Minneapolis, Marcus & Millichap - Cleveland
$629,000
Dollar General | Recent Renewal | 8% Cap Rate
Details
Property Type Retail
Sub Type Storefront
Square Footage 8,625
Net Rentable (SqFt) 8,625
Cap Rate 8.01%
NOI $50,368
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General
Lease Type NN
Lease Term 32.7
Lease Expiration 09/29/2031
Remaining Term 5.3
Lease Options Two Five-Year
Price per SqFt $73
Broker Co-Op Yes
Year Built 1999
Acreage 0.860
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/11/1999
Ground Lease No
8% Cap Rate | Recent 5 Yr Extension
Marketing description
Marcus & Millichap is pleased to present this Dollar General in Mount Sterling, Kentucky. This store was built-to-suit for Dollar General in 1999 and features a concrete parking lot. Dollar General just renewed their lease for another five years with a 5% rent increase, signaling their commitment to this location.
Investment highlights
- Approximately 8,625 Square Feet Built-to-Suit for Dollar General in 1999
- Dollar General Just Renewed Another Five Years in September 2025 with a 5% Rent Increase
- Extremely Low Rent: $6.48 per Square Foot and $55,906 per Year
- Double Net Lease With Reimbursement Caps Through 9/30/2031
- Corporate Guarantee with Over 20,000 Locations
Listing Contacts
Listed by Marcus & Millichap - Milwaukee, Marcus & Millichap - Minneapolis, Marcus & Millichap - Cleveland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$50,368.00
$4,197.33/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
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