Dollar General Store w/ 8.4% cap rate

Retail-Commercial for Sale
Catylist Listing ID: 30283080
Property Subtypes: Free-Standing Building
Building Size (RSF): 9,204 SF
Gross Building Area: See Agent
Gross Land Area: 1.12 Acres
Sale Price: $625,000
Unit Price: $67.91 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2018

Overview / Comments

NNN leased Dollar General Store: currently leased until 07-31-22 at 4,372.50 monthly + 750. monthly for CAM/insurance/property taxes; 52,470 NOI divided by $625,000 = 8.4% cap rate; Dollar General has leased this property since 09-17-02 and has said to current owner that it has been one of their better performing stores in the past; 2 additional 5 year options: 08-01-22 to 07-31-27 at $4,743.74 monthly and 08-01-27 to 07-31-32 at $5,455.31 monthly.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-19-01-201-063.000-009
Zoning: C-1
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Middle Road
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1977
Roof Type: Flat
Parking Type: Surface
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,847 50,323 171,144
Median Age: 34.38 39.2 38.97
Households: 3,499 21,211 73,811
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.