For Sale
$1,638,851

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
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,500 square foot retail property in Crab Orchard, Kentucky. The property is currently 100% occupied by a Dollar General, Dollar Tree, and Family Dollar hybrid store under a 10-year net lease (NN+) agreement commencing October 1, 2023, and expiring October 1, 2033. The lease includes four 5-year renewal options, each with a 10% rent increase. The tenant, Dollar Tree Corporation, holds an investment-grade credit rating, ensuring financial stability. Located at 705 Main St, Crab Orchard, KY 40419, this strategically positioned corner lot (1-1.5 acres) benefits from high visibility at a major intersection. The property boasts a strong location with a five-mile population of 3,489 and a three-mile average household income of $49,665, exceeding typical demographics for dollar stores. The asking price of $1,638,851 reflects a compelling 7.40% capitalization rate based on a net operating income (NOI) of $121,275. This property offers a secure, high-yield investment with significant upside potential due to the tenant's financial strength and the proven profitability of the location. The property features multiple points of ingress and egress, enhancing accessibility and convenience. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a long-term lease and a strong tenant.

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

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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705 Main St
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