3420 Main StStamping Ground, KY 40379

Property Details for 3420 Main St

Year built

2011

Lot size

1.40 AC

Property size (Sq ft)

9,100 SF

Property type

Retail properties

Property subtype

Retail space

APN

038-00-052.000

APU

3800052000

Description

This exceptional investment opportunity features a 9,026-square-foot Dollar General store situated on a 1.4-acre lot at 3420 Main St, Stamping Ground, KY 40379. Built in 2011, this single-story building boasts a 100% occupancy rate under a Net Net (NN) lease with a corporate guarantee. The current lease, commencing January 1, 2011, and expiring January 1, 2026, has a remaining term of approximately 1.1 years, followed by five 5-year options with 10% rent bumps in each. The property generates a substantial Net Operating Income (NOI) of $76,944, resulting in a compelling 7.50% capitalization rate. The asking price is $1,025,920, translating to $113.66 per square foot. The property is zoned for commercial use and strategically located at the convergence of Locust Fork Road, Main Street, and Woodlake Road. Average household income within a 5-mile radius exceeds $105,000. This is a rare chance to acquire a well-performing, established retail asset with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,485,904

  6.5%

  $2,294,681

  7%

  $2,130,775

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,980,468

  Geo Method

  $1,973,986

• Alternative Use

  Use

  Valuation

  Residential

  $1,935,649

  Hospitality

  $1,773,044

  Educational

  $1,475,152

  Medical

  $1,525,885

  Retail

  $2,294,681

Location Insight

City

Stamping Ground

County

Scott

State

Kentucky

Latitude

38.2722

Longitude

-84.6887

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].