6028 Us Highway 51Arlington, KY 42021

Property Details for 6028 Us Highway 51

Year built

1956

Construction

WOOD

Property size (Sq ft)

1,650 SF

Property type

Auto shops

APN

029-10-02-002.00

APU

29100200200

Description

This exceptional investment opportunity presents a 9,026-square-foot Dollar General convenience store located at 6028 US Highway 51, Arlington, KY 42021. The property boasts a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The current lease, with a corporate guarantee from Dollar General, commenced July 17, 2019, and extends until July 31, 2034, leaving approximately 9.7 years remaining. Five five-year lease options are included, each with a 10% rent increase. The property, built in 1956, sits on a commercially zoned lot and features a single-story building. The asking price is $1,152,184, translating to a price per square foot of $127.65 and a compelling 6.50% cap rate based on a net operating income (NOI) of $74,892. The property is currently 100% occupied, offering immediate cash flow and a secure investment. This presents an ideal opportunity for 1031 exchange investors seeking a low-maintenance, high-return retail asset with a strong national tenant. The property's location in Arlington, Kentucky, provides excellent visibility and access.

• CAP approach

  CAP return

  Valuation

  6%

  $554,418

  6.5%

  $511,770

  7%

  $475,215

• Comparable approach

  Method

  Valuation

  Relative Method

  $324,158

  Geo Method

  $324,158

• Alternative Use

  Use

  Valuation

  Residential

  $431,697

  Hospitality

  $395,432

  Educational

  $328,995

  Medical

  $340,310

  Retail

  $511,770

Location Insight

City

Arlington

County

Carlisle

State

Kentucky

Latitude

36.7872

Longitude

-89.0125

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].