For Sale
$2,380,144

10163 Us-27 Butler, KY 41006

Brand new, 15-year NNN lease, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market situated on a 1.58-acre lot in Butler, Kentucky. Built in 2024, this Class A storefront boasts a 100% occupancy rate with a fifteen-year absolute NNN lease commencing September 17, 2024, and expiring September 30, 2039. The lease includes five five-year renewal options, each with a 5% rent increase. This translates to a substantial $164,230 annual net operating income (NOI) and a compelling 6.90% cap rate. The property benefits from a corporate guarantee by Dollar General, an investment-grade tenant with a "BBB" rating, ensuring minimal landlord responsibilities. Located at 10163 US-27, Butler, KY 41006, this highly visible location enjoys an average daily traffic count exceeding 7,800 vehicles. The surrounding area demonstrates strong demographics, with over 25,000 residents within a ten-mile radius and an average household income exceeding $77,000 within a three-mile radius. This fee-simple ownership presents a rare opportunity for a 1031 exchange or passive investor seeking a secure, high-return investment with built-in rent growth. The asking price is $2,380,144.

Highlights

  • 5% rent increases every 5 years.
  • New 15-year NNN lease with five 5-year options.
  • High traffic count: 7,800+ vehicles daily.
  • Strong demographics: over 25,000 residents within 10 miles.
  • Brand new construction.
  • Investment-grade corporate guarantee (BBB rating).

Property Details for 10163 Us-27

Property type
Retail properties, Retail space
Square Feet
12,480 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Butler
County
Pendleton
State
Kentucky
Latitude
38.7916857
Longitude
-84.3529315

FAQs

What type of property is this?
Retail property - Brand new, 15-year NNN lease, high ROI.
Where is the retail property located?
The property is located at 10163 Us-27 Butler, KY.
What is the asking price?
The asking price for this property is $2,380,144.
What are key features of this property?
This property features: 5% rent increases every 5 years.; New 15-year NNN lease with five 5-year options.; High traffic count: 7,800+ vehicles daily.
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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10163 Us-27
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