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34530803
34530802

3912 Dixie Highway, Elsmere, KY 41018 For Sale

CN
CA 02120126
Matthews
KM
CA 2067187, TN 362005
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews
$1,754,143
2 days on market
Updated 2 days ago

3912 Dixie Highway

Details
Property Type Retail
Square Footage 9,180
Cap Rate 8.45%
NOI $148,225
Year Built 2014
Acreage 1.180
Ground Lease No

Absolute NNN Family Dollar — Zero Landlord Responsibilities, 8.45% Cap Rate

Investment highlights

• Corporate Tenant – The lease is signed by Family Dollar Stores of Kentucky, LTD. Family Dollar operates over 7,100 locations across the country with a reported revenue of ~$13B in the last Fiscal Year.

• Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.

• Passive Value-Add Investment — This asset represents an ideal play for an investor seeking high-yield, low-risk corporate income in the short term, paired with the long-term upside of inheriting a well-maintained, freestanding commercial building.

• Attractive Increase Schedule – 10% rental increases in each of the Six, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.

• Essential Retail – Family Dollar stores often serve as community “essential retail anchors” in secondary and tertiary markets where discount retail is mission-critical for local consumers.

• Recession Resistant Tenant – Discount retail historically performs well during economic uncertainty, benefitting from resilient demand as consumers seek value and affordable essentials.

• Airport Proximity – Erlanger is adjacent to the Cincinnati/Northern Kentucky International Airport (CVG), one of the fastest-growing cargo and logistics hubs in North America. This logistics presence brings tremendous stability and economic velocity to the immediate region.

• Major Transportation Arteries – Dixie Highway (US-25) is a dominant, historically significant commercial corridor running through the city. The property’s location at the corner of Dixie Highway and McAlpin Avenue places it just minutes from major interstate linkages, including I-75 and I-275, which handle massive daily commuter and logistical traffic.

Listing Contacts

CN
CA 02120126
Matthews
KM
CA 2067187, TN 362005
Matthews
NF
CA CA02244861
Matthews
Listed by Matthews

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,225.08
$12,352.09/mo

Valuation Metrics

0
DSCR
8.45%
Cap Rate
8.45%
ROI

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Additional Information

Name
Kyle Matthews
License
221925, 239410 (KY)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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