2675 Main StBenton, KY 42025
- Retail properties
- 9,026 SF
Property Details for 2675 Main St
- Property size (Sq ft)
- 9,026 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional investment opportunity features a 9,026-square-foot Dollar General store located at 2675 Main Street, Benton, KY 42025. The property boasts a 15-year NNN lease with a corporate guarantee, providing zero landlord responsibilities. The lease commenced May 1, 2019, and expires April 30, 2034, leaving approximately 9.4 years remaining. The current annual net operating income (NOI) is $79,812, representing a 6.50% cap rate and a price per square foot of $136.04. The asking price is $1,227,876. The single-story building sits on commercially zoned land and includes five 5-year lease options with 10% rent bumps in each. This property presents a compelling investment opportunity, particularly suitable for 1031 exchange purposes, due to its strong tenant, long lease term, and attractive financial metrics. The property is 100% occupied.
Location Insight
- City
- Benton
- County
- Marshall
- State
- Kentucky
- Latitude
- 36.8296
- Longitude
- -88.3499
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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