For Sale
$1,076,125

28 Ky 3438 Barbourville, KY 40906

High-cap rate NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a fee-simple ownership of a 9,100-square-foot Dollar General store, built in 2019, located at 28 N Ky 3438, Barbourville, KY 40906. The property sits on a 2.17-acre lot and boasts a strong 8.00% cap rate, generating a net operating income (NOI) of $86,090. The absolute NNN lease structure, with a credit-rated corporate guarantor, ensures minimal landlord responsibilities. The tenant, Dollar General, is fully responsible for HVAC repairs and replacements, and fully reimburses the landlord for all common area maintenance (CAM) expenses. The current lease, commenced February 15, 2019, has a remaining term of approximately 4.2 years, with five 5-year renewal options, each including a 10% rent increase. The property benefits from high traffic counts exceeding 18,000 vehicles per day and serves a healthy population exceeding 12,000 residents within a 5-mile radius. Located in southeastern Kentucky, Barbourville itself has a population of over 3,500. The asking price is $1,076,125, translating to a price per square foot of $118.26. This single-tenant, 100% occupied property represents a secure and profitable investment opportunity. The property is part of a larger portfolio, but can be purchased individually.

Highlights

  • 2019-built Dollar General with NNN lease structure.
  • Tenant responsible for HVAC and all CAM expenses.
  • High traffic count exceeding 18,000 vehicles per day.
  • Strong demographics: 12,000+ residents within a 5-mile radius.
  • Located in Barbourville, KY (population over 3,500), Southeastern KY.
  • Part of a larger 28-unit Dollar General portfolio.

Property Details for 28 Ky 3438

Property type
Retail properties, Retail space
Square Feet
9,100 SF
Year Built
2019
Lot Size (sq. ft)
94,525 SF
Units
1

Location Insight

City
Barbourville
County
Knox
State
Kentucky
Latitude
36.910293281375
Longitude
-83.893789413509

FAQs

What type of property is this?
Retail property - High-cap rate NNN retail investment.
Where is the retail property located?
The property is located at 28 Ky 3438 Barbourville, KY.
What is the asking price?
The asking price for this property is $1,076,125.
What are key features of this property?
This property features: 2019-built Dollar General with NNN lease structure.; Tenant responsible for HVAC and all CAM expenses.; High traffic count exceeding 18,000 vehicles per day.
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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28 Ky 3438
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