719 Main Street, Ravenna, KY 40472 For Sale

This Dollar General is located at 719 Main Street in Ravenna, Kentucky.

The subject property was constructed in 2007 and consists of approximately 9,100 rentable square feet. Dollar General has demonstrated their continued commitment to this location as evidence by extending the current lease early until July 31st, 2033. Additionally, there are five, five-year lease extension options, all with 10% rental increases every five years. This site is encumbered by a double net least agreement which allows for minimal landlord responsibilities (roof, structure, parking lot and major repairs). The tenant pays for monthly common area maintenance, insurance, and reimburses the landlord for the cost of real estate taxes.

This store sits on Main Street seeing over 8,800 vehicles pass daily. It is approximately 1.5-miles from Richmond Road, which is home to other national tenants like Subway, Wendy's, Pizza Hut, and a nine-tenant strip mall. This Dollar General has a 1-mile population of 1,618, with estimated increases through 2027. Ravenna, Kentucky is in Estill County and sits towards the eastern part of the state. It is 122-miles east of Louisville, Kentucky and 117-miles south of Cincinnati, Ohio.