For Sale
$1,025,920

3420 Main St Stamping Ground, KY 40379

High-yield Kentucky convenience store.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity features a 9,026-square-foot Dollar General store situated on a 1.4-acre lot at 3420 Main St, Stamping Ground, KY 40379. Built in 2011, this single-story building boasts a 100% occupancy rate under a Net Net (NN) lease with a corporate guarantee. The current lease, commencing January 1, 2011, and expiring January 1, 2026, has a remaining term of approximately 1.1 years, followed by five 5-year options with 10% rent bumps in each. The property generates a substantial Net Operating Income (NOI) of $76,944, resulting in a compelling 7.50% capitalization rate. The asking price is $1,025,920, translating to $113.66 per square foot. The property is zoned for commercial use and strategically located at the convergence of Locust Fork Road, Main Street, and Woodlake Road. Average household income within a 5-mile radius exceeds $105,000. This is a rare chance to acquire a well-performing, established retail asset with significant upside potential.

Highlights

  • NN Lease; minimal landlord responsibilities.
  • Average household income within a 5-mile radius exceeds $105,000.
  • Excellent location at the intersection of Locust Fork Road, Main Street, and Woodlake Road.
  • Built in 2011.

Property Details for 3420 Main St

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,026 SF
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF
Units
1

Location Insight

City
Stamping Ground
County
Scott
State
Kentucky
Latitude
38.2719056
Longitude
-84.6888609

FAQs

What type of property is this?
Retail property - High-yield Kentucky convenience store.
Where is the retail property located?
The property is located at 3420 Main St Stamping Ground, KY.
What is the asking price?
The asking price for this property is $1,025,920.
What are key features of this property?
This property features: NN Lease; minimal landlord responsibilities.; Average household income within a 5-mile radius exceeds $105,000.; Excellent location at the intersection of Locust Fork Road, Main Street, and Woodlake Road.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3420 Main St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message