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.
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Contacts
Cody Crist
Eric Kelley
Chance Hales
Branson Blackburn
Brian Brockman
Visit Broker Website
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28 Ky 3438, Barbourville, Kentucky, 40906
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
28 Ky 3438
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