Listed by Matthews
$550,000
Dollar General
Details
Property Type Retail
Sub Type Convenience Store, Storefront
Square Footage 9,100
Net Rentable (SqFt) 9,100
Cap Rate 8.89%
NOI $48,899
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Dollar Tree
Lease Type NN+
Lease Expiration 01/31/2032
Remaining Term 5.6
Rent Bumps Yes
Lease Options None Remaining
Price per SqFt $60
Year Built 2003
Acreage 1.410
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/01/2003
Occupancy Date 02/01/2003
Ground Lease No
Ownership Fee Simple
8.89% CAP | +5 Years Remaining | NN+
Investment highlights
Property Highlights
- Early Extension: Tenant exercised final 5-year option early, in June of 2025, extending the lease expiration through 01/31/2032
- Rent Increase: 10% rental increase to take affect on 02/01/2027 (cap rate is based on current rent)
- Occupancy: Dollar General has renewed their lease 4 times at this location, with over 23 years of historical occupancy
- Double Net (NN+) Lease: Tenant pays insurance & taxes, reimburses $125/month for parking lot maintenance
- Landlord Responsibilities: Landlord is responsible for roof/structure & "applicable insurance deductible amounts"
- Brank Ranking: Ranked in the top 73rd percentile of Dollar General locations in the state of Kentucky (Source:AlphaMap.com)
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,899.00
$4,074.92/mo
Valuation Metrics
0
DSCR
8.89%
Cap Rate
8.89%
ROI
Map
Zoning
C-2 CommercialSpecial CommercialHighway Oriented Commercial District
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
