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Dollar General 176 W Walnut St

10,640 SF Retail Building Mount Olivet, KY 41064 £1,603,301 (£151/SF) 6.65% Net Initial Yield

Investment Highlights

  • Absolute NNN Lease Dollar General
  • Strategically Located Along Interstate-62 Generating 6,000+ Vehicles Passing per day in Front of Subject Property
  • Zero Landlord Responsibilities
  • Original 15-Year Lease With 14+ Years Remaining on Current Term – Store Built in 2023
  • Equidistant (50 Miles) to Cincinnati and Lexington – 2 of the Larger Markets in Region
  • Part of Larger 28-Unit KY Portfolio – Can be Purchased Together or Individually – Contact Agent for More Information

Executive Summary

Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Dollar General in London, KY. The subject property has an Absolute NNN lease with 14+ years remaining on current term. It is strategically located along Interstate-62 with 6k+ vehicles passing per day. It is also 50 miles to Cincinnati and Lexington, 2 of the larger markets in the region. The property is part of a larger 28-unit KY portfolio which can be purchased together or individually.
Cooperating Broker: Brian Brockman
Bang Realty, Inc | KY #204982
bor@bangrealty.com | (513) 898-1551

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,640 SF
Year Built
2023
Price
£1,603,301
Price Per SF
£151
Net Initial Yield
6.65%
NOI
£106,620
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Lot Size
1.00 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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PROPERTY TAXES

Parcel Number 33-2-41.1 Improvements Assessment £0
Land Assessment £0 Total Assessment £62,664

PROPERTY TAXES

Parcel Number
33-2-41.1
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£62,664
(817) 584-2000

Contacts

  • Listing ID: 31546175

  • Date on Market: 18/04/2024

  • Last Updated:

  • Address: 176 W Walnut St, Mount Olivet, KY 41064

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© 2024 CoStar Group

Dollar General | 176 W Walnut St
(817) 584-2000 x

Dollar General | 176 W Walnut St

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Cody Crist

(817) 584-2000

(817) 584-2000

Eric Kelley

(817) 328-5223

(817) 328-5223

Chance Hales

(806) 679-9776

(806) 679-9776

Branson Blackburn

(682) 233-5223

(682) 233-5223

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