For Sale
$1,437,187

4925 Ky-52Loretto, KY 40037

Family Dollar & Dollar Tree NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity features a 10,500 square foot, single-tenant retail building housing a Family Dollar and Dollar Tree combination store. Built in 2021 on a 1.07-acre lot in Loretto, Kentucky, this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $114,975. The current lease, a modified triple-net (NNN) agreement, has a remaining term of 7.2 years (expiring January 30, 2032), with four, five-year renewal options including rent increases. The tenant is responsible for all expenses except roof and structure maintenance. The property's strategic location, approximately 3.3 miles from the Maker's Mark Distillery, a major tourist attraction on the Kentucky Bourbon Trail, ensures high visibility and consistent traffic. Loretto's proximity to Louisville and Lexington further enhances its appeal. This built-to-suit property, designed for small-town markets, represents a secure, long-term investment with a highly reputable national tenant. The combination store format has demonstrated strong sales performance, exceeding 20% in comparable sales. The lease includes no early termination clause, providing added security for the investor. This is a rare opportunity to acquire a high-performing, net-leased retail property in a desirable location with a strong tenant and significant remaining lease term.

Highlights

  • 2021 Built-to-Suit Construction.
  • 3.3 miles from Maker's Mark Distillery.
  • High-performing combination store designed for small-town markets, exceeding 20% comp sales.
  • 10-Year lease with 7+ years remaining, no early termination clause.
  • Modified triple-net lease; tenant pays all expenses except roof and structure.
  • Four, five-year renewal options with rent increases.

Property Details for 4925 Ky-52

Property type
Retail properties, Grocery and convenience stores
Square Feet
10,500 SF
Year Built
2021
Buildings
1
Lot Size (sq. ft)
46,609 SF

Location Insight

City
Loretto
County
Marion
State
Kentucky
Latitude
37.635357
Longitude
-85.4014667
4925 Ky-52, Loretto, Kentucky

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4925 Ky-52
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