Dollar General | 11 Yr Corp Abs NNN | 3832 Hwy 321 S
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Dollar General | 11 Yr Corp Abs NNN 3832 Hwy 321 S
9,100 SF Retail Building Hagerhill, KY 41222 $1,749,158 CAD ($192 CAD/SF) 7.20% Cap Rate
Investment Highlights
- Over 11 Years Remaining | Options to Extend | Established Brand | Top 35% of all DGs (Placer.Ai)
- Located Along State Hwy 321 (5,800 VPD) | Limited Competition | Excellent Visibility
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-mile Trade Area
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2020
Price
$1,749,158 CAD
Price Per SF
$192 CAD
Cap Rate
7.20%
NOI
$125,956 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
General Commercial
Parking
29 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
215 ft on S KY Route 321
PROPERTY TAXES
| Parcel Number | 054-00-00-051.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $118,594 CAD |
PROPERTY TAXES
Parcel Number
054-00-00-051.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$118,594 CAD
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Dollar General | 11 Yr Corp Abs NNN | 3832 Hwy 321 S
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