301 State Route 109 N
Clay, KY 42404
Dollar General · Retail Property For Sale

The subject property is a 9,100-square foot freestanding store that was built to suit for Dollar General in 2010. Dollar General signed an original 15-year modified triple-net lease in 2010. Currently there are more than 7.5 years remaining on the lease, with an upcoming rental escalation in 2021. Dollar General has the option to renew five, five-year options, with ten percent rent escalations in each option. Dollar Generals annual rent is currently $68,653, and it will increase to $70,713 annually in January 2021, and then by ten percent in each option. The owner benefits from the warm climate location, as he has never needed more than the allotted $300/month CAM contribution. Dollar General is strategically located with excellent exposure along the main thoroughfare of Clay, State Route 109, and next to many residential homes and local businesses. This Dollar General store benefits from the complete lack of discount store competition nearby. The nearest discount store is 10 miles away in Providence, KY. The nearest Walmart is in Henson, a 35 minute drive. A buyer can expect about 10 cars in the parking lot at any given time throughout a week.