616 KY HWY 39 hwy - Freestanding FOR SALE


Crab Orchard, KY 40419
$1,638,851 USD
248-419-3657
616 KY HWY 39 hwy, Crab Orchard, KY for Sale
$1,638,851 USD
Freestanding - FOR SALE
1/5
null | 7.4% Cap Rate

616 KY HWY 39 hwy
Crab Orchard, KY 40419


HIGHLIGHTS

  • New Dual Tenant Concept | Brand New Lease
  • Combo Stores See 20% Increase in Revenue!
  • The Store is Positioned On Main St | Highest Traf?cked Road
  • 10-Year NN Lease Requiring Minimal Landlord Responsibilities
  • Four- (5 Yr) Options | $0.50 Rental Rate Increase
  • Three Mile Average Household Income of $49,665

OVERVIEW

Fortis Net Lease is pleased to present this brand new built-to-suit 10,500 SF Dollar Tree & Family Dollar Hybrid store located in Crab Orchard, KY. The property is encumbered with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains four (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade. This Store is highly visible as it is strategically positioned on the corner of Main St and Hwy 39, which is a high-trafficked intersection in Crab Orchard. The five-mile population is 3,489 with a three-mile average household income of $49,665. These numbers are above average for the typical Dollar Store. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores. The list price reflects a 7.40% cap rate based on NOI of $121,275.

FOR SALE DETAILS

PRICE

$1,638,851 USD

PRICE/SF

$156 USD /SF

CAP RATE

7.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar Tree | Combo Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.14 AC

LAND SF

441,786 SF

ZONING

AG

APN/PARCEL ID

089-04-11-003.00

ASK ABOUT THIS PROPERTY

Andrew BenderFortis Net LeaseMore Info
248-419-3657

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Andrew BenderFortis Net LeaseMore Info
248-419-3657

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