For Sale
$1,191,568

4845 Madisonville Rd Hopkinsville, KY 42240

High-yield Kentucky retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 9,100-square-foot Dollar General convenience store located at 4845 Madisonville Road, Hopkinsville, Kentucky, 42240. The property boasts a strong 100% occupancy rate under a Net Lease (NNN) agreement with a corporate guarantee, minimizing landlord responsibilities. The current lease, commencing September 30, 2019, has a remaining term of 9.9 years, extending to September 30, 2034, with five 5-year renewal options, each including a 10% rent increase. The property generates a substantial Net Operating Income (NOI) of $77,451, resulting in an attractive 6.50% capitalization rate. Priced at $1,191,568 ($130.94 per square foot), this single-story building sits on commercially zoned land. This is an ideal investment for those seeking a low-maintenance, high-return asset, particularly suitable for 1031 exchange purposes. The property's location in Hopkinsville, Christian County, Kentucky, offers excellent visibility and accessibility. This is a turnkey investment with a stable, national tenant and a long-term lease.

Highlights

  • $1,191,568 asking price for a 9,100 square foot Dollar General.
  • Net lease investment with a corporate guarantee.
  • 15-year lease with 9.9 years remaining, including five 5-year renewal options with 10% rent bumps each.
  • 6.50% cap rate and $77,451 annual net operating income (NOI).
  • Located at 4845 Madisonville Road, Hopkinsville, KY 42240.

Property Details for 4845 Madisonville Rd

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Buildings
1
Stories
1

Location Insight

City
Hopkinsville
County
Christian
State
Kentucky
Latitude
36.9355344
Longitude
-87.4898378

FAQs

What type of property is this?
Retail property - High-yield Kentucky retail investment.
Where is the retail property located?
The property is located at 4845 Madisonville Rd Hopkinsville, KY.
What is the asking price?
The asking price for this property is $1,191,568.
What are key features of this property?
This property features: $1,191,568 asking price for a 9,100 square foot Dollar General.; Net lease investment with a corporate guarantee.; 15-year lease with 9.9 years remaining, including five 5-year renewal options with 10% rent bumps each.
How can I contact the broker?
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4845 Madisonville Rd
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