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Family Dollar NN Investment | Magnolia, KY 8725 New Jackson Hwy 10,500 SF Retail Building Magnolia, KY 42757 $1,200,060 ($114.29/SF) 9.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Opportunistic Investment: 2022 built, NN leased, ±10,500 SF Family Dollar recently closed with 7 years remaining on the initial lease term.
- Location: Magnolia is located 30 minutes south of Elizabethtown / Fort Knox metro area which offer employment from major employers in the region.
- Lowest Price on the Market: Buyers can take advantage of a strong 9.2% cap rate, with approximately 7 more years of cash flow at only $1,200,060.
- Ready for Repurposing: Outstanding investor opportunity to collect corporate guaranteed rent of $110,250 annually.
- Demographics: 10-mile demographics population of over 17,860 with an average household income of over $68,789.
- Broker of Record: Justin Baker Kentucky License #204053
EXECUTIVE SUMMARY
This “dark” Family Dollar, located in Magnolia, KY is a “diamond in the rough” for an opportunistic investor. This store, built in 2022, though vacant, has a corporate guarantee with 7 years remaining! The astute investor has the opportunity to collect rent while seeking a new tenant to repurpose the location.
This attractive ±10,500 SF store is situated on a large ±1.5-acre parcel. There are limited landlord responsibilities which include roof, structure and parking lot capital expenses. The tenant reimburses the landlord for all property tax and property insurance.
Magnolia is located in central Kentucky, about 9 miles east of Interstate 65 and about thirty minutes south of Elizabethtown and Ft. Knox and one hour from Louisville. The 10 mile population is 17,215 with an average household income of $68,789.
In July of 2025, Dollar Tree sold Family Dollar and Family Dollar/Dollar Tree stores to two private equity firms which included over 7,500 stores in 49 states. This “diamond in the rough” will provide an investor with steady cash flow and the opportunity to re-purpose the location at an incredible price of $1,200,060 and cap rate of 9.2%.
This attractive ±10,500 SF store is situated on a large ±1.5-acre parcel. There are limited landlord responsibilities which include roof, structure and parking lot capital expenses. The tenant reimburses the landlord for all property tax and property insurance.
Magnolia is located in central Kentucky, about 9 miles east of Interstate 65 and about thirty minutes south of Elizabethtown and Ft. Knox and one hour from Louisville. The 10 mile population is 17,215 with an average household income of $68,789.
In July of 2025, Dollar Tree sold Family Dollar and Family Dollar/Dollar Tree stores to two private equity firms which included over 7,500 stores in 49 states. This “diamond in the rough” will provide an investor with steady cash flow and the opportunity to re-purpose the location at an incredible price of $1,200,060 and cap rate of 9.2%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
B
Year Built
2022
Price
$1,200,060
Price Per SF
$114.29
Cap Rate
9.20%
NOI
$110,456
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.50 AC
Parking
32 Spaces (3.05 Spaces per 1,000 SF Leased)
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Family Dollar NN Investment | Magnolia, KY | 8725 New Jackson Hwy
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