For Sale
$1,788,571

835 BroadwayMayfield, KY 42066

Dollar Tree/Family Dollar Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2024), 10,500 square foot, single-tenant retail building in Mayfield, KY. The property is 100% occupied by Dollar Tree and Family Dollar under a corporate-guaranteed, net lease with a remaining term of 10 years and four 5-year options. The lease includes annual rent bumps of $0.50 per square foot at the beginning of each option period. Located on E. Broadway, the property boasts high visibility and accessibility, with approximately 13,900 vehicles passing daily. Direct access to State Route 121, connecting to State Route 80 and Interstate 69, ensures excellent regional connectivity. The 1.2-acre lot provides ample parking (27 spaces). The property's strong location benefits from a robust surrounding retail environment, including national and regional tenants, and a significant residential population within a 5-mile radius (over 17,000 residents, 8,000 daytime employees, and an average household income of $62,243). The property features a 7.35% cap rate and a net operating income (NOI) of $131,460, with an asking price of $1,788,571 ($170.34/sq ft). The property is zoned B-1. This is a low-management, passive investment opportunity with significant long-term growth potential.

Highlights

  • $1,788,571 asking price for a net-leased retail property.
  • 10,500 square feet, newly built in 2024, single-tenant convenience store/grocery store.
  • Dollar Tree and Family Dollar on a 10-year lease with four 5-year options; corporate guarantee.
  • 7.35% cap rate with a $131,460 net operating income (NOI).
  • Located in Mayfield, KY, on 1.2 acres with 27 parking spaces.

Property Details for 835 Broadway

Property type
Retail properties, Retail space
Square Feet
10,500 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
52,272 SF
Units
1

Location Insight

City
Mayfield
County
Graves
State
Kentucky
Latitude
36.744869
Longitude
-88.6246251
835 Broadway, Mayfield, Kentucky

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835 Broadway
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