705 Main St Crab Orchard, KY 40419
High-Yield Dollar Store Portfolio, 7.4% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Fee-simple ownership of a brand-new, 10,500 square foot retail property in Crab Orchard, KY.
- 10-year net lease (NN+) with four 5-year renewal options, each with a 10% rent increase, commencing October 1, 2023.
- 100% occupied by a Dollar General, Dollar Tree, and Family Dollar hybrid store; Dollar Tree Corporation (investment-grade credit rating).
- Strategically positioned corner lot (1-1.5 acres) on Main St, Crab Orchard, KY 40419, with high visibility and multiple points of ingress/egress.
- Strong demographics: five-mile population of 3,489 and a three-mile average household income of $49,665.
- Asking price: $1,638,851, reflecting a 7.40% capitalization rate based on a $121,275 NOI.
Property Details for 705 Main St
- Property type
- Retail properties, Retail space
- Square Feet
- 10,500 SF
- Lot Size (sq. ft)
- 43,560 SF
Location Insight
- City
- Crab Orchard
- County
- Lincoln
- State
- Kentucky
- Latitude
- 37.455329
- Longitude
- -84.497795
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-Yield Dollar Store Portfolio, 7.4% Cap Rate
- Where is the retail property located?
- The property is located at 705 Main St Crab Orchard, KY.
- What is the asking price?
- The asking price for this property is $1,638,851.
- What are key features of this property?
- This property features: Fee-simple ownership of a brand-new, 10,500 square foot retail property in Crab Orchard, KY.; 10-year net lease (NN+) with four 5-year renewal options, each with a 10% rent increase, commencing October 1, 2023.; 100% occupied by a Dollar General, Dollar Tree, and Family Dollar hybrid store; Dollar Tree Corporation (investment-grade credit rating).
- 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.
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