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616 Ky Highway 39 South Crab Orchard, KY 40419

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For Sale
$1,478,900

New Family Dollar store with corporate guaranteed lease.

Building Details

Year built
2023

Source: Nancy Miller, CCIM, MBA Agent Nancy Miller, CCIM, MBA

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


Overview

Crab Orchard Family Dollar Store

The Family Dollar store, constructed in 2023, is located in Crab Orchard, Kentucky. The property is situated on a 3.24-acre parcel at the corner of KY Highway 39, just north of the intersection of U.S. Hwy 150. Interstate 75 is approximately 14 miles southeast of the property. The surrounding area within a 10-mile radius has a population of 19,928 with an average household income of $72,473. From 2020 to 2030, the population growth is projected to be 2.71% within 7 miles. The 10,500 square foot Family Dollar store has a 10-year NN lease that runs through September of 2033, with four 5-year renewal options. There will be $0.50/SF rent increases at each option. The lease is guaranteed by Family Dollar, which specializes in providing value and a large product and limited grocery selection to smaller communities. Landlord responsibilities include roof, structure, capital repairs to parking lot and payment of property taxes, property insurance and liability insurance. Tenant responsibilities include all other maintenance, including HVAC, and full reimbursement of the Landlord’s property insurance premium and property taxes.
Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Department Store Storage Facility Furniture Store Electronics Store Cafe & Coffee Shop

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

Location Insight

  • Map
  • Local Demand
City
Crab Orchard
County
Lincoln
State
Kentucky
Longitude
-84.511648
Latitude
37.472324

FAQs

What type of property is this?
Grocery and convenience store - New Family Dollar store with corporate guaranteed lease.
Where is this grocery and convenience store located?
The property is located at 616 Ky Highway 39 South Crab Orchard, KY.
What is the asking price?
The asking price for this property is $1,478,900.
What are key features of this property?
This property features: - New 2023 Construction: Modern ±10,500 SF Family Dollar store on a ±3.24-acre parcel.; - Corporate Guaranteed Lease: 10-year NN lease through September 2033, guaranteed by Family Dollar, with four 5-year renewal options and rent increases.; - Strategic Location: Corner lot near U.S. Hwy 150 (±4,350 VPD) and 14 miles from I-75.
More about this property
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