8725 New Jackson Hwy Magnolia, KY 42757

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%.