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    2241 Westerfield Dr Providence, KY 42450

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    For Sale
    $1,174,885

    NNN leased Dollar General with investment-grade credit rating.

    Property size:
    10,640 SF
    Lot size:
    2.08 Acres

    Property Features for 2241 Westerfield Dr

    General Information

    Size
    10,640 SF
    Lot size
    2.08 Acres

    Source: Matthews Real Estate Investment Services - Orange County Agent Connor Olandt

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

    Overview

    Dollar General NNN Investment Opportunity

    This property is leased to Dollar General, which holds an investment-grade credit rating of BBB from Standard & Poor’s. The company's market capitalization is approximately $25 billion, reinforcing the strength of the lease guaranty. Dollar General operates approximately 21,000 locations nationally, with expansion plans indicating continued corporate growth and stability. Recognized as an essential retailer, Dollar General has demonstrated operational resilience across economic cycles, including during recessionary periods. The asset features an absolute triple-net (NNN) lease structure, offering investors a fully passive income stream with no landlord management obligations. The property is 10,640 square feet.
    Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service Dollar General Dollar Store Western Union Money Transfer Service Redbox Movie Rental Kiosk

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Hair Salon Clothing Store Nail Salon Pharmacy Auto Parts Store Skin Care Clinic Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Webster
    State
    Kentucky
    Longitude
    -87.735886
    Latitude
    37.409469

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    FAQs

    What type of property is this?
    Storefront property - NNN leased Dollar General with investment-grade credit rating.
    Where is this storefront property located?
    The property is located at 2241 Westerfield Dr Providence, KY.
    What is the asking price?
    The asking price for this property is $1,174,885.
    What are key features of this property?
    This property features: - Absolute triple-net (NNN) lease provides fully passive income with no landlord responsibilities.; - Investment-grade credit rating of BBB from Standard & Poor’s, backed by a $25 billion market capitalization.; - Dollar General is an essential retailer, demonstrating resilience across economic cycles.
    (818) 618-4522
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    2241 Westerfield Dr Providence, KY 42450
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    Providence, KY 42450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2241 Westerfield Dr Providence, KY 42450
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