About This Restaurant
Investment Highlights
LONG-TERM LEASE - 12.8+ Years Absolute NNN. 3 Of 5-Years Renewal Options With 10% Rent Increases NEARBY FORT KNOX ARMY BASE - $1.3 Billion Economic Powerhouse ?HORSE CAPITAL OF THE WORLD? - 450 Horse Farms In Region SUCCESSFUL HISTORY AT LOCATION - For Nearly 30 Years. DG Relocated To This Store In 2022 KENTUCKY BOURBON TRAIL - Premier Destination For Bourbon Tourism NATIONAL INVESTMENT-GRADE TENANT - $37B Revenue. S&P Investment Grade BBB. Corporate Guaranteed Lease
Executive Summary
TOUCHSTONE COMMERCIAL PARTNERS is pleased to offer for sale a solid performing Dollar General Store in Muldraugh, Kentucky. Dollar General has had nearly 30 years of operating success at this location and Relocated to this building built in 2022. The lease runs through March 2037 with five 5-year renewal options and a 10% rent increase for each renewal option. The lease is guaranteed by Dollar General Corporation, which operates over 20,000 stores and has an impressive S&P investment-grade rating of BBB.Muldraugh is less than 5 miles from Fort Knox Military Base, one of the largest military bases with over 40,000 personnel and families and an annual $1.3 billion economic engine. Prominent local employers include the Fort Knox Military Base, Ford Motor Company Truck Plant, UPS Worldport Hub, and GE Haier?s manufacturing plan. The region is a premier destination for bourbon tourism, featuring key distilleries such as Jim Beam, Wilderness Trail, Four Roses, and Wild Turkey on the Kentucky Bourbon Trail, all accessible within a 1-2 hour drive. The region?s 450 horse farms also solidify its status as the ?Horse Capital of the World.?Broker of Record, C.A.P. Real Estate, KY License #209621
Property Details
- Sale Type Investment NNN
- Sale Conditions 1031 Exchange 1031 Exchange Build to Suit 1031 Exchange
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Drugstore General Retail Fast Food General Retail Supermarket Freestanding
- Building Size 10,640
- Building Class B
- Year Built 2022
- Price 1,246,357
- Price Per SF 117
- Cap Rate 7.20
- NOI 89,737
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.24
- Land Acres 1.01 AC
Property Taxes
Parcel Number | 174-30-00-011 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,777,000 |
Date Created: | 2024-07-16 04:16:15 | Last Updated: | 2024-07-16 04:16:15 |
Address: | 516 S Dixie Hwy , Muldraugh, Kentucky, 40155 |