720 Slate AveOwingsville, KY 40360

Property Details for 720 Slate Ave

Lot size

2.12 AC

Property type

Other commercial real estate

APN

043-00-00-037.05

APU

43000003705

Description

This exceptional investment opportunity presents a fee-simple ownership of a 10,640-square-foot Dollar General Market in Owingsville, Kentucky. Built in 2022, this property boasts a strong 12.8 years remaining on a 15-year absolute NNN lease with a credit-rated tenant backed by a corporate guarantee. The lease features five, 5-year renewal options with a 10% rent increase. The property's strategic location on a main retail corridor ensures high visibility and accessibility, with daily traffic counts exceeding 7,500 vehicles. This prime location is further enhanced by its proximity to established national brands such as McDonald's, Taco Bell, Dairy Queen, and Subway. The Dollar General Market concept offers an expanded selection of grocery and produce items, catering to the local community's needs. The property generates a substantial net operating income (NOI) of $112,262, resulting in a compelling 7.00% cap rate. The asking price is $1,603,745, translating to $150.73 per square foot and $1,603,745 per unit. This property is part of a larger Kentucky portfolio. The one-building property sits on a one-acre lot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant long-term potential.

• Alternative Use

  Use

  Valuation

  Residential

  $18,118,292

  Hospitality

  $16,596,259

  Educational

  $13,807,892

  Medical

  $14,282,767

  Retail

  $21,478,944

Location Insight

City

Owingsville

County

Bath

State

Kentucky

Latitude

38.1343

Longitude

-83.7557

CBSA code

34460

CBSA name

MOUNT STERLING, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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