8725 New Jackson Hwy Magnolia, KY 42757
Vacant Family Dollar with corporate guarantee and repurposing potential.
Building Details
- Year built
- 2022
Source:
Bullrealty
Listing Agent: Nancy Miller, Ccim, Mba
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Magnolia Kentucky Repurposing Opportunity
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%.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Family Dollar
Dollar Store
Location Insight
- Map
- Local Demand
- City
- Magnolia
- County
- Larue
- State
- Kentucky
- Longitude
- -85.744965
- Latitude
- 37.44675
Nearby Similar for Sale
FAQs
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.