For Sale
$1,860,275

1067 Us-42Bedford, KY 40006

High-yield, NNN-leased retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,640-square-foot Dollar General Market in Bedford, Kentucky. Located at 1067 US-42, this property boasts a 15-year absolute NNN lease commencing August 4, 2024, and expiring August 4, 2039, with a remaining term of approximately 14.7 years. The lease includes five, five-year renewal options, each with a 5% rent increase. The current annual net operating income (NOI) is $123,708, resulting in a compelling 6.65% cap rate and a price per square foot of $174.84. The property benefits from a corporate guarantee and enjoys a 100% occupancy rate. Situated along a high-traffic corridor (US Hwy 42) with nearly 2,500 vehicles per day, this Dollar General serves as a primary retail source in the area, minimizing competition. The building, constructed in 2024, is a single-unit structure. This is a turnkey investment with minimal landlord responsibilities, offering significant long-term value and passive income potential. The asking price is $1,860,275.

Highlights

  • New construction Dollar General store with a 15-year primary lease term.
  • Attractive 5% rental increases every five years throughout the primary and option periods.
  • Absolute NNN lease; zero landlord responsibilities.
  • Corporate guaranteed lease.
  • Limited retail competition; primary retail source in the area.
  • Strategically located on US Hwy 42, with high daily traffic volume.

Property Details for 1067 Us-42

Property type
Specialty properties, Retail properties
Square Feet
10,640 SF
Year Built
2024
Buildings
1
Units
1

Location Insight

City
Bedford
County
Trimble
State
Kentucky
Latitude
38.581286864498
Longitude
-85.319035933488
1067 Us-42, Bedford, Kentucky

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1067 Us-42
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