4600 Ky-7Topmost, KY 41862
- Specialty properties
- 10,640 SF
Property Details for 4600 Ky-7
- Year built
- 2022
- Lot size
- 1.90 AC
- Property size (Sq ft)
- 10,640 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a 10,640-square-foot Dollar General store in Topmost, Kentucky. Located at 4600 KY-7, 41862, this property boasts a strong 6.75% cap rate and a substantial net operating income (NOI) of $83,000. The absolute NNN lease, with zero landlord responsibilities, features a corporate guarantee from Dollar General Corporation, holding an S&P BBB credit rating. The lease commenced March 15, 2022, and has a remaining term of 12.4 years, extending to March 31, 2037. Five 5-year lease options are included, with 10% rent bumps. Built in 2022 on a 1.9-acre lot, this single-tenant property benefits from limited retail competition and serves as the primary goods source within a 5-mile radius. The asking price is $1,229,615, translating to $115.57 per square foot. This property is ideally suited for a 1031 exchange, offering a secure and profitable investment with significant long-term potential. The exceptionally limited relocation options due to terrain further enhance the property's value and stability. This is a rare opportunity to acquire a low price point, newly constructed Dollar General with a long-term lease and strong financial performance.
Location Insight
- City
- Topmost
- County
- Knott
- State
- Kentucky
- Latitude
- 37.374
- Longitude
- -82.785
Comparable in this City
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