3604 Ky-3630Annville, KY 40402

Property Details for 3604 Ky-3630

Year built

2022

Lot size

2.15 AC

Property size (Sq ft)

12,480 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 12,480 square foot Dollar General Market in Annville, Kentucky. The property boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, leaving 13.3 years remaining on the current term, commencing March 5, 2023, and expiring March 5, 2038. The lease includes five, 5-year renewal options with a 10% rent increase. Built in 2022, this single-tenant building sits on a 2.15-acre lot and offers a strong 7.00% cap rate with a net operating income (NOI) of $104,733, resulting in an asking price of $1,496,185 ($119.89/sq ft). The property benefits from a stable market, serving a population exceeding 5,000 residents within a 5-mile radius. This Dollar General Market features an expanded product selection, including produce and fresh grocery options, providing a significant advantage over traditional Dollar General stores. The absolute NNN lease structure ensures zero landlord responsibilities. This property is part of a larger 28-unit portfolio in Kentucky, offering the potential for individual or portfolio acquisition. The property is located at 3604 KY-3630, Annville, KY 40402.

Location Insight

City

Annville

County

Jackson

State

Kentucky

Latitude

37.322

Longitude

-83.9561

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