Listed by Tri-Oak Consulting Group
$1,037,493
720 US HWY 231 S BEAVER DAM KY 42320
Details
APN 118-00-00-095.01
Property Type Retail
Sub Type Grocery Store
Square Footage 7,489
Units 1
Cap Rate 7.5%
NOI $77,812
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 01/31/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options Five, 5-Year Options
Price per SqFt $139
Year Built 2018
Acreage 1.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/18/2018
Ground Lease No
Dollar General | 7.50% Cap | 7,489 SqFt
Investment highlights
- Absolute NNN Lease - No Landlord Responsibilities
- Investment Grade Tenant - Corporate Guarantee (S&P Rating: BBB)
- Strong Expanding Company - Dollar General secured the 108th spot on the Fortune 500 list and earned a place on Fortune's roster of the World's Most Admired Companies for 2023. Its annual net sales surpassed $37.8 Billion
- Limited Competition - Dominant rural retail position. Dollar General functions as a primary convenience and household goods destination.
- Low Rent & Price Point - $10.39/SF Is low for Dollar General. New stores are signing leases with 25-50% higher rent.
- Recession-resistant / Essential Retail - Dollar General’s model actively benefits from economic pressure.
Listing Contacts
Listed by Tri-Oak Consulting Group
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
$77,812.00
$6,484.33/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
