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DOLLAR GENERAL | SOMERSET, KENTUCKY

Purchase Price
$1,245,214
Location
301 Crab Orchard Rd
Cap Rate
7.00%
Annual Rent
$87,165.00
Building Size
9,228 SF
Land Area
1.065 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
6.5 Years
LEASE EXPIRATION
1/31/2033
Renewal Options
Five (5) - Five (5) Year
RENT INCREASES
10% at Options
Parking
30 Spaces
Year Built
2018
APN
060-9-1-33
Traffic Counts
8,709 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE GUARANTEED LEASE:

  • Approximately 6.5 Years of Guaranteed Lease Term Remaining (Lease Exp: 01/31/2033)
  • 2020 Construction - Build-to-Suit Dollar General
  • 9,228 SF Building | 1.065 Acre Parcel
  • Five (5) - Five (5) Year Option Periods with 10% Rental Increases
 

ABSOLUTE NNN LEASE:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses, Insurance & Reimburses Property Taxes
 

PROXIMITY FROM SOMERSET, KENTUCKY:

  • Lexington, KY | 76 Miles
  • Bowling Green, KY | 111 Miles
  • Knoxville, TN | 112 Miles
  • Louisville, KY | 126 Miles
  • Cincinnati, OH | 158 Miles
  • Nashville, TN | 166 Miles
  • Clarksville, TN | 178 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 4,908 Residents | $66,570 Average Household Income
  • 3-Mile: 17,521 Residents | $74,162 Average Household Income
  • 5-Mile: 29,059 Residents | $76,575 Average Household Income
  • 7-Mile: 40,309 Residents | $77,434 Average Household Income
  • 10-Mile: 54,172 Residents | $78,424 Average Household Income
  • 15-Mile: 69,619 Residents | $77,716 Average Household Income
 

TENANT:

  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #112 on the Fortune 500 List
  • 21,055 Stores in 48 States

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