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1548 S US Highway 421
Harlan, KY 40831
Family Dollar (Relocation Store) · Retail Property For Sale
Investment Highlights
- Relocation from In-Line Store within the Market | 2017 Complete Renovation to H2 Model | New Roof Installed in 2020 With 20 Year Warranty
- Four, Five-Year Options with Rental Increases in Each | Potential for Long Term Passive Income
- County Seat Location | 26,300+ Residents in Harlan County | Demographics are a Strong Match for Family Dollar’s Core Customer Base
- Larger Format Including Dollar Tree Branded Products | 2+ Years Remaining on Original 10 Year Double Net Lease | Minimal Landlord Responsibilities
- Strong Guarantee | Lease is Backed by Family Dollar / Dollar Tree Corporation
- Located on Main Corridor of US 421 with Over 17,500 VPD | 85% of the Population Within 10-Miles Drives by the Subject Property Along US 421
Executive Summary
2017 RENOVATIONS | LARGE FORMAT STORE | HIGH TRAFFIC CORRIDOR
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
12,650 SF
Building Class
C
Year Built
1984
Price
$995,000
Price Per SF
$78.66
Cap Rate
7.95%
NOI
$79,062
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.80 AC
Parking
61 Spaces (4.82 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 069-40-00-226.00 | Improvements Assessment | $345,000 |
| Land Assessment | $600,000 | Total Assessment | $945,000 |
Property Taxes
Parcel Number
069-40-00-226.00
Land Assessment
$600,000
Improvements Assessment
$345,000
Total Assessment
$945,000
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