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Family Dollar 7320 US-421 9,373 SF Retail Building Mckee, KY 40447 $1,491,273 ($159.10/SF) 7.70% Cap Rate
Investment Highlights
- Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income
- Lack of Competition – This is the only Family Dollar location in a 20-mile radius of the property
- Attractive Increase Schedule – 10% rental increases in each of the four, 5-year options, which is beneficial to an owner
- Corporate Tenant – The lease of the subject property is a corporate store. Family Dollar operates at over 7,500+ locations throughout the country
Executive Summary
Broker of Record
Kyle Matthews
License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,373 SF
Building Class
C
Year Built
2015
Price
$1,491,273
Price Per SF
$159.10
Cap Rate
7.70%
NOI
$114,828
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.04 AC
Property Taxes
| Parcel Number | 21E-83 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,491,000 |
Property Taxes
Parcel Number
21E-83
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,491,000
Contacts
-
Nathan Fitzgibbons -
Cade Norland -
Keegan Mulcahy -
Matthews Real Estate Investment Services
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Family Dollar | 7320 US-421
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