14332 Burkesville RdBreeding, KY 42715

For Sale
$1,105,905 View listing
  • Commercial real estate
  • 1,800 SF

Property Details for 14332 Burkesville Rd

Construction
FRAME
Lot size
2.00 AC
Property size (Sq ft)
1,800 SF
Property type
Commercial real estate
APN
017-00-00-030.01
APU
17000003001

Description

This exceptional investment opportunity presents a 9,100 square foot Dollar General store in Breeding, Kentucky. Built in 2021, the property boasts a strong 7.25% cap rate and a substantial 11.9 years remaining on the original 15-year absolute NNN lease, commencing October 17, 2021, and expiring October 17, 2036. The lease includes five, 5-year renewal options with a 10% rent increase. The tenant, a credit-rated entity with a corporate guarantee, ensures consistent income and minimal landlord responsibilities. Located on a 2-acre lot at 14332 S Burkesville Rd, Breeding, KY 42715, this single-tenant property offers a low price point per square foot ($121.53) and a Net Operating Income (NOI) of $80,178. The property's strategic location, within driving distance of larger towns and cities, provides access to a broad customer base. This asset is part of a larger portfolio and can be purchased individually. The property's strong financials, long-term lease, and minimal management requirements make it an attractive addition to any investment portfolio. This is a turnkey investment with a proven tenant and a secure financial future.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $314,950
    Hospitality
    $288,492
    Educational
    $240,022
    Medical
    $248,277
    Retail
    $373,368
14332 Burkesville Rd, Breeding, Kentucky

Location Insight

City
Breeding
County
Adair
State
Kentucky
Latitude
36.9552
Longitude
-85.442

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,499
$150,000
$950,000
$1,100,000
-
$150,000
$950,000
$1,100,000

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