10163 Us-27Butler, KY 41006

Property Details for 10163 Us-27

Year built

2024

Lot size

1.58 AC

Property size (Sq ft)

12,480 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market situated on a 1.58-acre lot in Butler, Kentucky. Built in 2024, this Class A storefront boasts a 100% occupancy rate with a fifteen-year absolute NNN lease commencing September 17, 2024, and expiring September 30, 2039. The lease includes five five-year renewal options, each with a 5% rent increase. This translates to a substantial $164,230 annual net operating income (NOI) and a compelling 6.90% cap rate. The property benefits from a corporate guarantee by Dollar General, an investment-grade tenant with a "BBB" rating, ensuring minimal landlord responsibilities. Located at 10163 US-27, Butler, KY 41006, this highly visible location enjoys an average daily traffic count exceeding 7,800 vehicles. The surrounding area demonstrates strong demographics, with over 25,000 residents within a ten-mile radius and an average household income exceeding $77,000 within a three-mile radius. This fee-simple ownership presents a rare opportunity for a 1031 exchange or passive investor seeking a secure, high-return investment with built-in rent growth. The asking price is $2,380,144.

Location Insight

City

Butler

County

Pendleton

State

Kentucky

Latitude

38.7917

Longitude

-84.3529

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