10023 State Route 80 W
Fancy Farm, KY 42039
Dollar General · Retail Property For Sale

Marcus & Millichap is proud to exclusively present for sale this net-leased Dollar General located in Fancy Farm, Kentucky. The subject property is a 9,014-square foot freestanding store that was built to suit for Dollar General in 2010. Dollar General signed an original 10-year modified triple-net lease in 2010. There are minimal landlord responsibilities, with the landlord only being responsible for the roof and structural components of the building. Currently there are more than 7 years remaining on the lease, with an upcoming 3% rental escalation in 2021. Dollar General has the option to renew five, five-year options, with 10% percent rent escalations. Dollar Generals annual rent is currently $70,452, however it will increase to $72,553 annually in March 2021. There is a new elementary school within 1 mile of the property, and St. Jerome's Catholic Church that mows the grass for the property (see agent). This is a proven store in the market and there are coolers & freezers with groceries. The Dollar General is strategically located with excellent exposure along State Route 80, which is the main retail corridor through Fancy Farm and provides quick access to Mayfield, KY. This Dollar General store benefits from the complete lack of retail competition nearby. The nearest discount store is over 10 miles away in Mayfield, and Walmart in 20 Miles away.