Dollar General Grocery
For Sale
Contact for pricing
301 Crab Orchard Road, Somerset, KY 42503
Established retail building occupied by a nationally recognized convenience and grocery operator.
Property Size9,228 SF
Price / SF$134.94
Days on Market8
Property Features for 301 Crab Orchard Road
General Information
Standard status
Active
Size
9,228 SF
Total Parking Spaces
30
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$87,165
Building Details
Year Built
2018
Year Renovated
2025
Units
1
Tenancy
Single
Listing Agency:
Schuchert Retail Group
Listed By:
Jim Schuchert · License #01969414
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 10 at 3:19PM
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 Schuchert Retail Group
Investment Insights
Based on property information with market context.
This grocery and convenience store property contains 9,228 square feet and was built in 2018. The asset is associated with the Dollar General brand and is located at 301 Crab Orchard Road in Somerset, Kentucky.
The property offers an established retail format suited to grocery and convenience sales, with its existing brand identity providing clear context for the asset. Its address places the building within the Somerset market and supports straightforward identification for prospective buyers.
The property offers an established retail format suited to grocery and convenience sales, with its existing brand identity providing clear context for the asset. Its address places the building within the Somerset market and supports straightforward identification for prospective buyers.
Key Highlights
- 9,228 SF grocery and convenience store property
- Built in 2018
- Associated with the Dollar General brand
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,049
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,200,980
$2.2M
Cap Rate 7%
$1,572,129
$1.6M
Cap Rate 9%
$1,222,767
$1.2M
Market Conditions
NOI Build-Up for 9,228 SF
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.
Gross rent
$151.7K $16.44/SF
− Vacancy
−$5.0K −$0.54/SF
EGI
$146.7K $15.90/SF
− OpEx
−$36.7K −$3.98/SF
NOI
$110.0K $11.93/SF
Area
Pulaski County, KY
Vacancy
3.28%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,200,980
Cap Rate 7%
$1,572,129
Cap Rate 9%
$1,222,767
Alternative Uses
Best Use
Specialty Retail
$1.57M
$1.38M – $1.83M
NOI $110,049 @ 7.0% cap · market cap 8.84%
Second Best
Retail
$1.50M
$1.31M – $1.75M
NOI $105,194 @ 7.0% cap · market cap 8.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,866 visits/mo
0.1 miles
Demographics for 42503, KY
24,670
Population
11,588
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
85%
High-School Grad
129.5 sq mi
ZIP Area
191
Density / Sq Mi
$53,377
Median Household Income
$35,319
Median Earnings
$873
Median Rent
$198,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- IGA — 470 KY-80, Somerset, KY 42501
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail building occupied by a nationally recognized convenience and grocery operator.
Where is this grocery and convenience store located?
The property is located at 301 Crab Orchard Road Somerset, KY.
What is the asking price?
The asking price for this property is $1,245,214.
What are key features of this property?
This property features: 9,228 SF grocery and convenience store property; Built in 2018; Associated with the Dollar General brand
