For Sale
$1,227,876

2675 Main StBenton, KY 42025

High-yield NNN retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity features a 9,026-square-foot Dollar General store located at 2675 Main Street, Benton, KY 42025. The property boasts a 15-year NNN lease with a corporate guarantee, providing zero landlord responsibilities. The lease commenced May 1, 2019, and expires April 30, 2034, leaving approximately 9.4 years remaining. The current annual net operating income (NOI) is $79,812, representing a 6.50% cap rate and a price per square foot of $136.04. The asking price is $1,227,876. The single-story building sits on commercially zoned land and includes five 5-year lease options with 10% rent bumps in each. This property presents a compelling investment opportunity, particularly suitable for 1031 exchange purposes, due to its strong tenant, long lease term, and attractive financial metrics. The property is 100% occupied.

Highlights

  • NNN Lease with zero landlord responsibilities.
  • 9,026 square foot Dollar General store.
  • Ideal for 1031 exchange.

Property Details for 2675 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,026 SF
Buildings
1
Stories
1

Location Insight

City
Benton
County
Marshall
State
Kentucky
Latitude
36.829645
Longitude
-88.3498501
2675 Main St, Benton, Kentucky

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2675 Main St
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