For Sale
$1,246,953

3738 Us Highway 68Benton, KY 42025

High-yield NNN retail investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 9,100-square-foot Dollar General convenience store located at 3738 US Hwy 68, Benton, KY 42025. The property boasts a 15-year lease, with 10 years remaining until October 31, 2034, and five 5-year renewal options, each with a 10% rent increase. The current lease commenced October 27, 2019. The property is a single-story building situated on commercially zoned land. The tenant, Dollar General, is backed by a corporate guarantee, ensuring consistent income. The Net Operating Income (NOI) is $81,052, yielding a 6.50% capitalization rate. The asking price is $1,246,953, translating to $137.03 per square foot. This 100% occupied property offers a low-maintenance, passive income stream, making it an ideal investment for 1031 exchange purposes. The property is a single-tenant, NNN (triple net) lease, meaning the tenant is responsible for all operating expenses, minimizing landlord responsibilities. This is a prime opportunity to acquire a stable, high-performing retail asset with a strong national tenant.

Highlights

  • $1,246,953 asking price for a 9,100 SF Dollar General.
  • Net lease with corporate guarantee, minimizing landlord responsibilities.
  • 10-year remaining lease term (15-year initial term with 5 five-year options), providing long-term stability.
  • 6.50% cap rate and $81,052 annual NOI.
  • Located at 3738 US Hwy 68, Benton, KY 42025, in a high-traffic area.
  • 10% rent bumps in each option period, ensuring future income growth.

Property Details for 3738 Us Highway 68

Property type
Retail properties, Grocery and convenience stores
Square Feet
9,100 SF
Buildings
1
Stories
1

Location Insight

City
Benton
County
Marshall
State
Kentucky
Latitude
36.8138037
Longitude
-88.362785
3738 Us Highway 68, Benton, Kentucky

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3738 Us Highway 68
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