For Sale
$1,500,000

2300 Ky-15Whitesburg, KY 41858

Walgreens/Dollar Tree Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 11,180 square foot retail property in Whitesburg, Kentucky, currently 100% occupied by a Dollar Tree, subleased from a former Walgreens location. The property boasts a strong 15.75% cap rate and a substantial net operating income (NOI) of $236,187. Situated on a signalized corner of a major east-west thoroughfare with 7,000 vehicles per day, this location offers unparalleled visibility and accessibility. The lease with Dollar Tree is a Net Lease (NN) agreement with a credit-rated tenant, providing a stable income stream through October 31, 2027 (approximately 2.9 years remaining). The property benefits from a robust population base of 9,312 residents within a 5-mile radius and enjoys excellent retail synergy with nearby national and local retailers including Food City, Save A Lot, KFC, Taco Bell, and Dollar General. The asking price is $1,500,000, translating to $134.17 per square foot. This is a rare opportunity to acquire a high-performing, net-leased retail property in a thriving Kentucky market. No lease options are currently available.

Highlights

  • $1,500,000 asking price for this 11,180 SF retail property in Whitesburg, KY.
  • Net lease investment opportunity with a credit-rated tenant (Dollar Tree).
  • 100% occupancy with a 2.9-year lease remaining, expiring 10/31/2027.
  • Strong demographics: 9,312 residents within a 5-mile radius.
  • Excellent location with high visibility at a signalized intersection on a major thoroughfare (7,000 VPD), near other national retailers including Food City, Save A Lot, and Dollar General.

Property Details for 2300 Ky-15

Property type
Retail properties, Drug stores
Square Feet
11,180 SF

Location Insight

City
Whitesburg
County
Letcher
State
Kentucky
Latitude
37.1225668
Longitude
-82.8407122
2300 Ky-15, Whitesburg, Kentucky

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2300 Ky-15
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