For Sale
$1,152,184

6028 Us Highway 51 Arlington, KY 42021

High-yield NNN retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 9,026-square-foot Dollar General convenience store located at 6028 US Highway 51, Arlington, KY 42021. The property boasts a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The current lease, with a corporate guarantee from Dollar General, commenced July 17, 2019, and extends until July 31, 2034, leaving approximately 9.7 years remaining. Five five-year lease options are included, each with a 10% rent increase. The property, built in 1956, sits on a commercially zoned lot and features a single-story building. The asking price is $1,152,184, translating to a price per square foot of $127.65 and a compelling 6.50% cap rate based on a net operating income (NOI) of $74,892. The property is currently 100% occupied, offering immediate cash flow and a secure investment. This presents an ideal opportunity for 1031 exchange investors seeking a low-maintenance, high-return retail asset with a strong national tenant. The property's location in Arlington, Kentucky, provides excellent visibility and access.

Highlights

  • Triple-net (NNN) lease with zero landlord responsibilities.
  • 9,026 square feet of retail space.
  • Excellent 1031 exchange opportunity.

Property Details for 6028 Us Highway 51

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,026 SF
Year Built
1956
Buildings
1
Stories
1

Location Insight

City
Arlington
County
Carlisle
State
Kentucky
Latitude
36.8290996
Longitude
-89.0109002

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment. Strong tenant.
Where is the retail property located?
The property is located at 6028 Us Highway 51 Arlington, KY.
What is the asking price?
The asking price for this property is $1,152,184.
What are key features of this property?
This property features: Triple-net (NNN) lease with zero landlord responsibilities.; 9,026 square feet of retail space.; Excellent 1031 exchange opportunity.
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.
How do I access a private listing?
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6028 Us Highway 51
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