3832 Hwy 321 S - Freestanding FOR SALE


Hagerhill, KY 41222
$1,234,000 USD
954-703-3602
3832 Hwy 321 S, Hagerhill, KY for Sale
$1,234,000 USD
Freestanding - FOR SALE
1/5
null | 7.2% Cap Rate

3832 Hwy 321 S
Hagerhill, KY 41222


HIGHLIGHTS

  • Over 11 Years Remaining | Options to Extend | Established Brand | Top 35% of all DGs (Placer.Ai)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Along State Hwy 321 (5,800 VPD) | Limited Competition | Excellent Visibility
  • Strong Demographics in 5-mile Trade Area

OVERVIEW

• The tenant currently has over 11 years remaining with 3 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation • As of May 3, 2024, the Company’s 20,149 Dollar General, DG Market, DGX and pOpshelf stores across the United States • Top 35% of all DGs (Placer.Ai) • The asset is located along State Hwy 321, which averages 5,800 vehicles passing by daily • With extremely limited nearby competition, the subject property offers an immediate discount store option for highway travelers and locals alike • The asset has excellent visibility via significant street frontage and a large pylon sign

FOR SALE DETAILS

PRICE

$1,234,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | 11 Yr Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,761 SF

ZONING

General Commercial

APN/PARCEL ID

054-00-00-051.00

ASK ABOUT THIS PROPERTY

Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

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Jaime SalazarSRS Real Estate PartnersMore Info
954-703-3602

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.