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    7001 Cranston Rd Morehead, KY 40351

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    For Sale
    $1,683,985

    New Dollar General with 14+ years remaining on lease.

    Property size:
    10,640 SF
    Lot size:
    8.05 Acres

    Property Features for 7001 Cranston Rd

    General Information

    Size
    10,640 SF
    Lot size
    8.05 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Cody Crist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General NNN Investment Opportunity

    This property is a Dollar General retail store constructed in 2024, operating under an absolute NNN lease. The original lease term was for 15 years, with over 14 years remaining on the current term. The building is a 10,640 square-foot prototype situated on a 1-acre parcel. The property is located within a 5-mile radius of over 25,000 residents. The lease structure provides for zero landlord responsibilities. This property is part of a larger 28-unit Kentucky portfolio and can be purchased individually or as part of the portfolio.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Wholesale Shop Auto Repair Shop Food Market Grocery Store Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead
    County
    Rowan
    State
    Kentucky
    Longitude
    -83.409958
    Latitude
    38.282431

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    FAQs

    What type of property is this?
    Grocery and convenience store - New Dollar General with 14+ years remaining on lease.
    Where is this grocery and convenience store located?
    The property is located at 7001 Cranston Rd Morehead, KY.
    What is the asking price?
    The asking price for this property is $1,683,985.
    What are key features of this property?
    This property features: - Absolute NNN Lease with 14+ Years Remaining; - New Construction - Store Built in 2024; - Zero Landlord Responsibilities
    (817) 304-8916
    Request Owner's contact information
    7001 Cranston Rd Morehead, KY 40351
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    Morehead, KY 40351
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7001 Cranston Rd Morehead, KY 40351
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