Listing Agency: Legacy Real Estate Advisors Show Phone

Listed By: Dominic Shamany · License ##6506047766 Show Phone

Source: Moodyscre

Added: Oct 15, 2024 Changed: Sep 6 Last Checked: Sep 11 at 12:53PM

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Investment Insights

Based on property information with market context.

This is a single-tenant, free-standing Family Dollar retail property located in Eminence, Kentucky, within the Louisville, KY MSA, ranked #45 in the U.S.A. The property operates under an NN lease structure, assigning minimal responsibilities to the landlord. Family Dollar holds an investment-grade credit rating of 'BBB' with S&P and 'Baa2' with Moody's. The surrounding area has a population of over 2,000 residents within a 1-mile radius and over 3,500 residents within a 3-mile radius. A projected population growth of +1.21% is expected within a 3-mile radius over the next five years. The property is positioned on a hard corner that experiences a daily traffic volume of over 7,000 vehicles along S Main St and over 4,000 vehicles along E Broadway. The building has a property size of 9,100 square feet. Commencing on July 1, 2023, the tenant has the right to terminate the lease by providing one hundred eighty (180) days’ prior written notice to the landlord throughout the remainder of the term of the lease and any renewals or extensions thereof.

Key Highlights

• Single tenant Family Dollar with investment grade credit rating provides stable income.
• NN lease structure minimizes landlord responsibilities.
• Located in Eminence, KY, part of the Louisville, KY MSA.

Property Analytics

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Current Use

Family Dollar Discount Store

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Dental Office Law Firm HVAC Service

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

228

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 - Single-tenant Family Dollar in Eminence, KY with investment grade credit.

Where is this storefront property located?

The property is located at 63 Depot Ave Eminence, KY.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Single tenant Family Dollar with investment grade credit rating provides stable income.; NN lease structure minimizes landlord responsibilities.; Located in Eminence, KY, part of the Louisville, KY MSA.