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Dollar General 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
- Corporate guaranty from Dollar General Corporation
- Extended store hours until 11:00 PM differentiate the store
- Zero landlord responsibilities
- Contractual ten percent rent increases at each five-year renewal period
- Approximately eighty percent of sales are derived from consumable products
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
Property Type
Retail
Property Subtype
Freestanding
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
Amenities
- Pylon Sign
- Signage
- Awning
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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