For Sale
$643,987

3403 Camargo RdCamargo, KY 40353

Kentucky Retail Store - Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a single-tenant, 8,625 square foot Dollar General convenience store located at 3403 Camargo Rd, Mt Sterling, KY 40353. The property sits on a 0.86-acre lot and boasts a strong financial profile, including a current NOI of $51,519 and an 8.00% cap rate. The building, constructed in 1999, is situated in a C-zoned area and features a single story. The property is currently 100% occupied under a Net Net (NN) lease with a corporate guarantee, significantly reducing landlord responsibilities. The lease commenced on September 30, 1999, and has a remaining term of approximately 1.9 years, expiring September 29, 2026. This presents a compelling value-add opportunity due to the short-term lease remaining. The asking price is $643,987, translating to a price per square foot of $74.67, which is below average for comparable properties. Dollar General's long-standing presence at this location since 1999 demonstrates a significant commitment to the site and its consistent performance. This property is an ideal addition to any portfolio seeking strong cash flow and potential for future appreciation. The property is easily accessible and benefits from its location within Montgomery County, Kentucky.

Highlights

  • $643,987 asking price for a Dollar General convenience store.
  • 8,625 square feet on a 0.86-acre lot in Mount Sterling, KY.
  • NN lease with corporate guarantee, 1.9 years remaining on a 27-year lease expiring 09/29/2026.
  • 8.00% cap rate with a $51,519 NOI.
  • $74.67 price per square foot.

Property Details for 3403 Camargo Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
8,625 SF
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
37,462 SF
Units
1

Location Insight

City
Camargo
County
Montgomery
State
Kentucky
Latitude
38.0002494
Longitude
-83.8972807
3403 Camargo Rd, Camargo, Kentucky

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3403 Camargo Rd
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