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    New Development Dollar General Title is generated by Realmo AI

    140 Old Jericho Rd, Smithfield, KY

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    New development Dollar General with 14+ years remaining.

    Type:RETAIL
    Property size:
    10,640 SF
    Lot size:
    32.00 Acres
    Price / SF:
    $167/SF
    Added:
    Jul 4, 2024
    Days on Market:
    711
    Last Refresh:
    May 20 at 8:44 pm

    Property Features for 140 Old Jericho Rd

    General Information

    Standard status
    Active
    Size
    10,640 SF
    Lot size
    32.00 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Cody Crist
    Cody Crist

    Listing agent Chance Hales License #BRK.200900214

    Listing office Trinity Real Estate Investment Services - Corporate

    Listing date Jul 4, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Trinity Real Estate Investment Services - Corporate

    HighLights

    • New development Dollar General with 14+ years remaining on current term
    • Louisville, KY MSA location
    • Affluent area – average household incomes near $110K within 10 miles
    • Growing area of Kentucky – healthy historical population growth
    • Part of larger KY Dollar General portfolio
    • New development

    Overview

    This property features a new development Dollar General with over 14 years remaining on the current term. It is located in a growing area of Kentucky that has experienced healthy historical population growth. The property is part of the Louisville, KY MSA. The average household incomes near the subject property are approximately $110,000 within a 10-mile radius. The building has a size of 10640 square feet. This Dollar General is part of a larger Kentucky Dollar General portfolio.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $178.8k $16.80
    − Vacancy −$12.5k −$1.18
    EGI $166.2k $15.62
    − OpEx −$41.6k −$3.91
    NOI $124.7k $11.72
    10,640 SF · lease $16.80/SF/yr · vacancy 7.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $1.78M
    $1.56M – $2.08M (±1% cap)
    NOI $124,680 @ 7.0% cap · market cap 6.98%
    Second Best
    Retail
    $1.52M
    $1.33M – $1.77M (±1% cap)
    NOI $106,313 @ 7.0% cap · market cap 5.95%
    Theoretical Best
    Office A
    $2.24M
    $1.96M – $2.62M (±1% cap)
    NOI $157,016 @ 7.0% cap · market cap 8.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar General Discount Store

    Suggested Use

    Restaurant Law Firm Big Box & Wholesale Store Accounting Firm Kitchen & Bath Showroom Food Market Grocery & Convenience Store Car Rental Facility Home Appliance Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithfield
    County
    Henry
    State
    Kentucky
    Longitude
    -85.2978
    Latitude
    38.4114

    FAQs

    What type of property is this?
    Grocery and convenience store - New development Dollar General with 14+ years remaining.
    Where is this grocery and convenience store located?
    The property is located at 140 Old Jericho Rd Smithfield, KY.
    What is the asking price?
    The asking price for this property is $1,787,055.
    What are key features of this property?
    This property features: New development Dollar General with 14+ years remaining on current term; Louisville, KY MSA location; Affluent area – average household incomes near $110K within 10 miles
    (817) 304-8916 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cody Crist
    Cody Crist
    Real Estate License ID: BRK.200900214
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