Building Details

Year Built 2022

Listing Agency: Bull Realty N***@bullrealty.com Show Phone

Listed By: Nancy Miller, CCIM, MBA · License #439777

Source: Bullrealty

Added: Nov 25, 2025 Changed: Aug 15 Last Checked: Aug 17 at 5:21AM

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Investment Insights

Based on property information with market context.

Located in Magnolia, Kentucky, this vacant Family Dollar store presents a repurposing opportunity for investors. Constructed in 2022, the property has a corporate guarantee with 7 years remaining on the lease. The building spans approximately 10,500 square feet and is situated on a large parcel of approximately 1.5 acres. Landlord responsibilities are limited to roof, structure, and parking lot capital expenses, with the tenant reimbursing property tax and insurance. The location is about 9 miles east of Interstate 65, approximately thirty minutes south of Elizabethtown and Ft. Knox, and one hour from Louisville. The 10-mile radius around the property has a population of 17,215 with an average household income of $68,789. The property offers the opportunity to collect corporate guaranteed rent while exploring repurposing options. The annual rent is $110,250. The property is offered at a price of $1,200,060, with a cap rate of 9.2%.

Key Highlights

• Corporate guaranteed rent of $110,250 annually for 7 years despite vacancy.
• Attractive 9.2% cap rate** at a price of $1,200,060.
• Built in 2022, the ±10,500 SF building is ready for repurposing.

Property Analytics

Property Profile

Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Storage Facility Grocery & Convenience Store Acupuncture Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 42757, KY

2,948

Population

1,438

Households

2.1

Avg Household Size

42

Median Age

11%

College-Educated

87%

High-School Grad

78.2 sq mi

ZIP Area

38

Density / Sq Mi

$48,372

Median Household Income

$32,176

Median Earnings

$807

Median Rent

$121,800

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Vacant Family Dollar with corporate guarantee and repurposing potential.

Where is this storefront property located?

The property is located at 8725 New Jackson Hwy Magnolia, KY.

What is the asking price?

The asking price for this property is $1,200,060.

What are key features of this property?

This property features: Corporate guaranteed rent of $110,250 annually for 7 years despite vacancy.; Attractive 9.2% cap rate** at a price of $1,200,060.; Built in 2022, the ±10,500 SF building is ready for repurposing.