3832 Ky-321Hagerhill, KY 41222

Property Details for 3832 Ky-321

Lot size

0.80 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a fee-simple ownership of a Dollar General storefront in Hagerhill, Kentucky. The property boasts a substantial 9,100 square foot building situated on a 0.8-acre lot with ample parking (29 spaces). The current lease, an absolute NNN net lease with a corporate guarantee, provides significant financial security and has over 11 years remaining, including three 5-year options with 10% rent bumps at the beginning of each. This ensures consistent income growth and inflation protection. The property's strong performance is evidenced by its ranking in the top 35% of all Dollar General stores (according to Placer.Ai). Located on State Highway 321, the property benefits from high visibility due to significant street frontage and a large pylon sign, attracting approximately 5,800 vehicles daily. With limited nearby competition, this Dollar General serves both local residents and highway travelers, creating a robust customer base. The property's Net Operating Income (NOI) is $88,860, resulting in a 7.00% cap rate, making it an attractive investment with a strong return. The property's APN is 054-00-00-051.02 and is zoned for general commercial use. This is a rare opportunity to acquire a high-performing, long-term net lease property in a desirable location. The asking price is $1,234,000.

Location Insight

City

Hagerhill

County

Johnson

State

Kentucky

Latitude

37.7878

Longitude

-82.8046

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