For Sale
$2,868,602

4801 Fort Campbell Blvd Hopkinsville, KY 42240

High-traffic pOpshelf, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 9,998-square-foot pOpshelf retail store in Hopkinsville, Kentucky. Located within the high-traffic Hopkinsville Towne Center, this property benefits from its strategic position on Fort Campbell Boulevard and Eagle Way, boasting daily traffic counts exceeding 17,000 and 19,000 vehicles respectively. The property features a 15-year absolute NNN lease, commencing October 1, 2023, and expiring September 30, 2038, with a remaining term of approximately 14 years. The lease includes built-in rent bumps of 5% every five years during the primary term and substantial 10% increases at each of the four five-year renewal options. The tenant, pOpshelf, is backed by the corporate guarantee of Dollar General Corporation, holding an investment-grade credit rating of "BBB." The property sits on a 2.01-acre lot and includes 35 parking spaces. With a current Net Operating Income (NOI) of $190,762, the asking price of $2,868,602 reflects a 6.65% cap rate. The property's location is further enhanced by its proximity to major amenities, including a large convention center and a new sports complex, and its position near a significant planned school development. This presents a compelling investment opportunity for those seeking a passive income stream with a strong, creditworthy tenant and significant built-in growth potential. The property is zoned commercial and was built in 2023. The single-story building is currently 100% occupied.

Highlights

  • One-year-old, successful Dollar General; 13 years remaining on primary lease term.
  • Dollar General's newest retail concept.
  • Rare lease with rent increases built into the primary term.
  • Four, five-year options with 10% rent increases each.
  • 45-minute drive to Nashville, TN.
  • 15 miles to Fort Campbell, a major economic driver for Hopkinsville.

Property Details for 4801 Fort Campbell Blvd

Property type
Retail properties, Retail space
Square Feet
9,998 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
87,556 SF
Units
1

Location Insight

City
Hopkinsville
County
Christian
State
Kentucky
Latitude
36.815736
Longitude
-87.4721273

FAQs

What type of property is this?
Retail property - High-traffic pOpshelf, strong tenant.
Where is the retail property located?
The property is located at 4801 Fort Campbell Blvd Hopkinsville, KY.
What is the asking price?
The asking price for this property is $2,868,602.
What are key features of this property?
This property features: One-year-old, successful Dollar General; 13 years remaining on primary lease term.; Dollar General's newest retail concept.; Rare lease with rent increases built into the primary term.
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].
4801 Fort Campbell Blvd
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