30 Panther AveFlemingsburg, KY 41041

Property Details for 30 Panther Ave

Year built

2024

Lot size

1.67 AC

Property size (Sq ft)

10,640 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 10,640 square foot Dollar General store in Flemingsburg, Kentucky. The property, built in 2024, sits on a 1.67-acre lot at the high-traffic intersection of Maysville Road and KY 57, boasting over 11,000 vehicles per day. The absolute NNN lease with Dollar General commenced March 15, 2024, and has a remaining term of approximately 14.3 years, expiring February 28, 2039. The lease includes five, 5-year options with a 5% rent increase each time. This translates to a current net operating income (NOI) of $109,789, resulting in a compelling 6.65% cap rate and a price per square foot of $155.17. The property benefits from a credit-rated tenant with a corporate guarantee, ensuring minimal landlord responsibilities. Its strategic location near other national retailers, apartments, and schools further enhances its value and potential for long-term growth. The asking price is $1,650,960. This property is part of a larger portfolio and can be purchased individually. The property's strong tenant, long lease term, and favorable location make it an attractive investment for discerning buyers. The 100% occupancy ensures immediate cash flow.

Location Insight

City

Flemingsburg

County

Fleming

State

Kentucky

Latitude

38.4388

Longitude

-83.74

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