For Sale
$1,558,065

5399 Ky-11Hinkle, KY 40943

Dollar Tree & Family Dollar Anchored

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 10,500 square foot retail shopping center, located at 5399 KY-11 in Girdler, Kentucky (Knox County, zip code 40943), presents a compelling investment opportunity. Built in 2023, the property boasts a 100% occupancy rate with a strong tenant mix: Dollar Tree and Family Dollar, both credit-rated corporations with a corporate guarantee. The lease is a Net Net + (NN+) type, with a remaining term of 9.2 years, extending to February 4, 2034, and includes lease options. The property features a single, one-story building situated on a 1.36-acre lot with a large, low-maintenance concrete parking area. The asking price is $1,558,065, representing a price per square foot of $148.39 and a 7.75% capitalization rate. The Net Operating Income (NOI) is $120,750. This strategically located center benefits from its central position between London and Middlesboro, Kentucky, offering excellent access to a substantial customer base. The property's strong financials, coupled with its high-quality tenants and desirable location, make it an attractive investment prospect for discerning buyers. The lease commenced on October 2, 2023.

Highlights

  • $1,558,065 asking price for a 10,500 SF retail shopping center.
  • NN+ lease with a credit-rated, corporate guarantor (Dollar Tree/Family Dollar).
  • 100% occupancy with a 9.2-year lease remaining (commencing 10/2/2023, expiring 2/4/2034).
  • 7.75% cap rate and $120,750 annual NOI.
  • Located on 1.36 acres at 5399 KY-11, Girdler, KY 40943.

Property Details for 5399 Ky-11

Property type
Lifestyle centers, Power centers
Square Feet
10,500 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
59,242 SF

Location Insight

City
Hinkle
County
Knox
State
Kentucky
Latitude
36.9381332
Longitude
-83.8411746
5399 Ky-11, Hinkle, Kentucky

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5399 Ky-11
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