For Sale
$1,321,920

8791 Ky-1Grayson, KY 41143

High-yield Family Dollar storefront. Excellent investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, 9,190 square foot Family Dollar storefront located at 8791 KY-1, Grayson, KY 41143. Built in 2019, the property sits on a 0.93-acre lot and boasts 100% occupancy with a strong credit tenant. The current lease is a Net-Net (NN) lease with a remaining term of 4.9 years, expiring September 30, 2029. The lease includes six five-year renewal options, each with a 4.00% rent increase. The property offers a compelling 7.50% cap rate, generating a Net Operating Income (NOI) of $99,144, with an asking price of $1,321,920 ($143.84 per square foot). This one-story building presents an ideal investment opportunity due to its strong tenant, favorable lease terms, and attractive financial metrics. The property benefits from ideal demographics and is situated in Carter County, Kentucky. This is a rare chance to acquire a well-performing, established retail property with significant long-term potential.

Highlights

  • 2019 Construction.
  • Strong credit tenant, Family Dollar.
  • Six 5-year lease renewal options with 4% annual rent increases.
  • Ideal demographics in Carter County, Kentucky.

Property Details for 8791 Ky-1

Property type
Retail properties, Retail space
Square Feet
9,190 SF
Year Built
2019
Buildings
1
Stories
1
Lot Size (sq. ft)
40,511 SF
Units
1

Location Insight

City
Grayson
County
Carter
State
Kentucky
Latitude
38.2146842
Longitude
-82.9036776
8791 Ky-1, Grayson, Kentucky

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8791 Ky-1
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