6888 Us Highway 641Hazel, KY 42049

Property Details for 6888 Us Highway 641

Lot size

1.50 AC

Property type

Commercial real estate

APN

045-0-0060-F

APU

04500060F

Description

This exceptional investment opportunity features a 9,100-square-foot Dollar General convenience store in Hazel, Kentucky. The property boasts a 15-year net lease (NNN) with a corporate guarantee, providing significant security and minimal landlord responsibilities. The lease commenced November 21, 2019, and has a remaining term of 10 years, with five 5-year renewal options, each including a 10% rent increase. The current annual net operating income (NOI) is $80,612, resulting in a compelling 6.50% capitalization rate. The asking price is $1,240,183, translating to $136.28 per square foot. Located at 6888 US Hwy. 641, Hazel, KY 42049, this single-story building sits on commercially zoned land and enjoys 100% occupancy. This property is an ideal investment for those seeking a low-maintenance, high-return asset, particularly suitable for 1031 exchange purposes. The property's strong tenant, long lease term, and built-in rent increases offer a stable and attractive investment profile. The location in Calloway County, Kentucky, provides access to a well-established market.

• Alternative Use

  Use

  Valuation

  Residential

  $17,095,214

  Hospitality

  $15,659,125

  Educational

  $13,028,208

  Medical

  $13,476,268

  Retail

  $20,266,102

Location Insight

City

Hazel

County

Calloway

State

Kentucky

Latitude

36.5118

Longitude

-88.3267

CBSA code

34660

CBSA name

MURRAY, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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