4801 Fort Campbell BlvdHopkinsville, KY 42240

Property Details for 4801 Fort Campbell Blvd

Year built

2023

Lot size

2.01 AC

Property size (Sq ft)

9,998 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 9,998-square-foot pOpshelf retail store in Hopkinsville, Kentucky. Located within the high-traffic Hopkinsville Towne Center, this property benefits from its strategic position on Fort Campbell Boulevard and Eagle Way, boasting daily traffic counts exceeding 17,000 and 19,000 vehicles respectively. The property features a 15-year absolute NNN lease, commencing October 1, 2023, and expiring September 30, 2038, with a remaining term of approximately 14 years. The lease includes built-in rent bumps of 5% every five years during the primary term and substantial 10% increases at each of the four five-year renewal options. The tenant, pOpshelf, is backed by the corporate guarantee of Dollar General Corporation, holding an investment-grade credit rating of "BBB." The property sits on a 2.01-acre lot and includes 35 parking spaces. With a current Net Operating Income (NOI) of $190,762, the asking price of $2,868,602 reflects a 6.65% cap rate. The property's location is further enhanced by its proximity to major amenities, including a large convention center and a new sports complex, and its position near a significant planned school development. This presents a compelling investment opportunity for those seeking a passive income stream with a strong, creditworthy tenant and significant built-in growth potential. The property is zoned commercial and was built in 2023. The single-story building is currently 100% occupied.

Location Insight

City

Hopkinsville

County

Christian

State

Kentucky

Latitude

36.8157

Longitude

-87.4721

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