For Sale
$1,234,000

3832 Ky-321Hagerhill, KY 41222

High-performing Dollar General, strong lease terms.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fee-simple ownership of a Dollar General storefront in Hagerhill, Kentucky. The property boasts a substantial 9,100 square foot building situated on a 0.8-acre lot with ample parking (29 spaces). The current lease, an absolute NNN net lease with a corporate guarantee, provides significant financial security and has over 11 years remaining, including three 5-year options with 10% rent bumps at the beginning of each. This ensures consistent income growth and inflation protection. The property's strong performance is evidenced by its ranking in the top 35% of all Dollar General stores (according to Placer.Ai). Located on State Highway 321, the property benefits from high visibility due to significant street frontage and a large pylon sign, attracting approximately 5,800 vehicles daily. With limited nearby competition, this Dollar General serves both local residents and highway travelers, creating a robust customer base. The property's Net Operating Income (NOI) is $88,860, resulting in a 7.00% cap rate, making it an attractive investment with a strong return. The property's APN is 054-00-00-051.02 and is zoned for general commercial use. This is a rare opportunity to acquire a high-performing, long-term net lease property in a desirable location. The asking price is $1,234,000.

Highlights

  • $1,234,000 asking price for a 9,100 SF Dollar General storefront on a 0.8-acre lot in Hagerhill, KY.
  • Absolute NNN net lease with a corporate guarantee, 11+ years remaining, and three 5-year options with 10% rent bumps at each option.
  • 7.00% cap rate, $88,860 NOI.
  • High-traffic location on State Hwy 321 (5,800 VPD).
  • Top 35% performing Dollar General location (Placer.Ai), with limited nearby competition.
  • Excellent visibility and signage.

Property Details for 3832 Ky-321

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Buildings
1
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Hagerhill
County
Johnson
State
Kentucky
Latitude
37.7877502
Longitude
-82.8046508
3832 Ky-321, Hagerhill, Kentucky

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3832 Ky-321
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