4845 Madisonville RdHopkinsville, KY 42240

Property Details for 4845 Madisonville Rd

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 9,100-square-foot Dollar General convenience store located at 4845 Madisonville Road, Hopkinsville, Kentucky, 42240. The property boasts a strong 100% occupancy rate under a Net Lease (NNN) agreement with a corporate guarantee, minimizing landlord responsibilities. The current lease, commencing September 30, 2019, has a remaining term of 9.9 years, extending to September 30, 2034, with five 5-year renewal options, each including a 10% rent increase. The property generates a substantial Net Operating Income (NOI) of $77,451, resulting in an attractive 6.50% capitalization rate. Priced at $1,191,568 ($130.94 per square foot), this single-story building sits on commercially zoned land. This is an ideal investment for those seeking a low-maintenance, high-return asset, particularly suitable for 1031 exchange purposes. The property's location in Hopkinsville, Christian County, Kentucky, offers excellent visibility and accessibility. This is a turnkey investment with a stable, national tenant and a long-term lease.

Location Insight

City

Hopkinsville

County

Christian

State

Kentucky

Latitude

36.9355

Longitude

-87.4898

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