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Dollar General | Absolute NNN | Stearns, KY 940 Wilburne K Ross Hwy 9,100 SF Retail Building Stearns, KY 42647 $1,127,000 ($123.85/SF) 7% Cap Rate
Investment Highlights
- Absolute NNN Lease | Zero Landlord Responsibilities
- Contractual Rental Increases | 10% Every 5 Years
- Essential Daily-Needs Retailer
- Dollar General Corporate Guaranty
- Extended Store Hours | Strong Customer Demand
- Major Tourism & Recreation Demand
Executive Summary
Dollar General operates under an absolute NNN lease with zero landlord responsibilities, providing a completely passive investment opportunity with a corporate guaranty from one of the nation's largest discount retailers.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
9,100 SF
Building Class
C
Year Built
2017
Price
$1,127,000
Price Per SF
$123.85
Cap Rate
7%
NOI
$78,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.25 AC
Opportunity Zone
Yes
Zoning
C: Commercial
Parking
30 Spaces (3.3 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Awning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar General
- Retailer
- 9,100 SF
- $8.67
- Triple Net
- Nov 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar General | Retailer | 9,100 SF | $8.67 | Triple Net | Nov 2032 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 122-00-00-013.04 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,586,000 |
Property Taxes
Parcel Number
122-00-00-013.04
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,586,000
Contacts
-
Michael Neils -
Patrick Forkin -
Bryan Kunze -
Matthews Real Estate Investment Services
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