For Sale
$864,612

745 Main StBrodhead, KY 40409

Dollar Tree/Family Dollar Combo Store

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, net-leased retail property in Brodhead, Kentucky. The property features a 9,600 square foot building housing a unique Dollar Tree and Family Dollar combination store, a first-of-its-kind location. Built in 2020, the property boasts a strong 10-year initial lease (commencing January 23, 2020, and expiring January 23, 2030), with six additional five-year renewal options, ensuring long-term income stability. The current lease provides a substantial annual net operating income (NOI) of $77,815, translating to a compelling 9% capitalization rate. The asking price is $864,612, resulting in a price per square foot of $90.06. The property enjoys 100% occupancy and is situated at 745 S Main St, Brodhead, KY 40409. This is a rare chance to acquire a high-performing, established retail asset with a proven tenant in a stable market. The property's strong financial performance, long-term lease, and unique tenant combination make it an attractive investment for discerning buyers seeking secure, passive income. The building is a single-story structure, and the lease is a triple-net (NN+) agreement.

Highlights

  • Unique Dollar Tree/Family Dollar combo store.
  • NN lease: 10-year initial term, six 5-year options.
  • $6,484.59 monthly rent; $77,815.08 annual rent.
  • 9% capitalization rate.
  • $864,612 sales price.
  • 9,600 square foot building.

Property Details for 745 Main St

Property type
Retail properties, Retail space
Square Feet
9,600 SF
Year Built
2020
Buildings
1
Stories
1
Units
1

Location Insight

City
Brodhead
County
Rockcastle
State
Kentucky
Latitude
37.3931705
Longitude
-84.4199634
745 Main St, Brodhead, Kentucky

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745 Main St
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