3403 Camargo RdCamargo, KY 40353

Property Details for 3403 Camargo Rd

Year built

1999

Construction

STEEL FRAME

Lot size

0.86 AC

Property size (Sq ft)

8,625 SF

Property type

Outlet malls

APN

033-90-02-006.00

APU

33900200600

Description

This exceptional investment opportunity presents a single-tenant, 8,625 square foot Dollar General convenience store located at 3403 Camargo Rd, Mt Sterling, KY 40353. The property sits on a 0.86-acre lot and boasts a strong financial profile, including a current NOI of $51,519 and an 8.00% cap rate. The building, constructed in 1999, is situated in a C-zoned area and features a single story. The property is currently 100% occupied under a Net Net (NN) lease with a corporate guarantee, significantly reducing landlord responsibilities. The lease commenced on September 30, 1999, and has a remaining term of approximately 1.9 years, expiring September 29, 2026. This presents a compelling value-add opportunity due to the short-term lease remaining. The asking price is $643,987, translating to a price per square foot of $74.67, which is below average for comparable properties. Dollar General's long-standing presence at this location since 1999 demonstrates a significant commitment to the site and its consistent performance. This property is an ideal addition to any portfolio seeking strong cash flow and potential for future appreciation. The property is easily accessible and benefits from its location within Montgomery County, Kentucky.

• CAP approach

  CAP return

  Valuation

  6%

  $2,175,308

  6.5%

  $2,007,976

  7%

  $1,864,549

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,847,539

  Geo Method

  $2,699,270

• Alternative Use

  Use

  Valuation

  Residential

  $1,693,803

  Hospitality

  $1,551,514

  Educational

  $1,290,842

  Medical

  $1,335,236

  Retail

  $2,007,976

Location Insight

City

Mount Sterling

County

Montgomery

State

Kentucky

Latitude

38.0002

Longitude

-83.8973

CBSA code

34460

CBSA name

MOUNT STERLING, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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