For Sale
$1,229,615

4600 Ky-7Topmost, KY 41862

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 10,640-square-foot Dollar General store in Topmost, Kentucky. Located at 4600 KY-7, 41862, this property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $83,000. The absolute NNN lease, with zero landlord responsibilities, features a corporate guarantee from Dollar General Corporation, holding an S&P BBB credit rating. The lease commenced March 15, 2022, and has a remaining term of 12.4 years, extending to March 31, 2037. Five 5-year lease options are included, with 10% rent bumps. Built in 2022 on a 1.9-acre lot, this single-tenant property benefits from limited retail competition and serves as the primary goods source within a 5-mile radius. The asking price is $1,229,615, translating to $115.57 per square foot. This property is ideally suited for a 1031 exchange, offering a secure and profitable investment with significant long-term potential. The exceptionally limited relocation options due to terrain further enhance the property's value and stability. This is a rare opportunity to acquire a low price point, newly constructed Dollar General with a long-term lease and strong financial performance.

Highlights

  • Dollar General with 13+ years remaining on a 15.1-year lease.
  • Absolute NNN lease; no landlord responsibilities.
  • Sub-$1.5M new construction Dollar General; 10,640 square feet on a 1.9-acre lot.
  • Excellent 1031 exchange opportunity; currently open, operating, and rent-paying.
  • Limited relocation options due to site constraints.
  • Minimal retail competition; primary goods source within a 5-mile radius.

Property Details for 4600 Ky-7

Property type
Specialty properties, Retail properties
Square Feet
10,640 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
82,764 SF

Location Insight

City
Topmost
County
Knott
State
Kentucky
Latitude
37.374
Longitude
-82.785
4600 Ky-7, Topmost, Kentucky

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4600 Ky-7
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