Listing Agency: Trinity Real Estate Investment Services - Corporate c***@trinityreis.com Show Phone

Listed By: Chance Hales · License #697980 Show Phone

Source: Moodyscre

Added: Jun 3, 2024 Changed: Aug 8 Last Checked: Aug 11 at 4:54AM

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Investment Insights

Based on property information with market context.

This property features an absolute NNN lease with Dollar General, built in 2018, with over 9 years remaining on the current term. The 10,640 square foot building is situated on a 1-acre parcel. It has frontage along HWY 2565, which generates almost 10,000 vehicles per day. Located in Eastern Kentucky, this is the only Dollar General in town. Louisa has a population of over 2,500 residents. This property is part of a larger 28-unit Kentucky portfolio and can be purchased individually or as part of the portfolio.

Key Highlights

• Absolute NNN Lease Dollar General built in 2018
• 9+ Years Remaining on Current Term
• Only Dollar General in Town

Property Analytics

Current Use

Grocery and convenience stores

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

25k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 76% Shops & Services 15% Dining 9%

Food City Groceries

13,763 visits/mo 0.1 miles

Save-A-Lot Groceries

5,500 visits/mo 0.5 miles

AutoZone Shops & Services

3,035 visits/mo 0.1 miles

Papa John's Pizza Dining

2,333 visits/mo 0.1 miles

Advance Auto Parts Shops & Services

797 visits/mo 0.5 miles

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?

Grocery and convenience store - NNN leased Dollar General with 9+ years remaining on term.

Where is this grocery and convenience store located?

The property is located at 2812 Old US 23 Louisa, KY.

What is the asking price?

The asking price for this property is $1,438,345.

What are key features of this property?

This property features: Absolute NNN Lease Dollar General built in 2018; 9+ Years Remaining on Current Term; Only Dollar General in Town