745 Main StBrodhead, KY 40409

Property Details for 745 Main St

Lot size

2.38 AC

Property type

Other commercial real estate

APN

013-00-053.02

APU

130005302

Description

This exceptional investment opportunity presents a single-tenant, net-leased retail property in Brodhead, Kentucky. The property features a 9,600 square foot building housing a unique Dollar Tree and Family Dollar combination store, a first-of-its-kind location. Built in 2020, the property boasts a strong 10-year initial lease (commencing January 23, 2020, and expiring January 23, 2030), with six additional five-year renewal options, ensuring long-term income stability. The current lease provides a substantial annual net operating income (NOI) of $77,815, translating to a compelling 9% capitalization rate. The asking price is $864,612, resulting in a price per square foot of $90.06. The property enjoys 100% occupancy and is situated at 745 S Main St, Brodhead, KY 40409. This is a rare chance to acquire a high-performing, established retail asset with a proven tenant in a stable market. The property's strong financial performance, long-term lease, and unique tenant combination make it an attractive investment for discerning buyers seeking secure, passive income. The building is a single-story structure, and the lease is a triple-net (NN+) agreement.

Location Insight

City

Brodhead

County

Rockcastle

State

Kentucky

Latitude

37.393

Longitude

-84.4195

CBSA code

40080

CBSA name

RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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