Absolute NNN Retail
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For Sale
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60 W Hwy 452, Eubank, KY 42567
Dollar General occupies the building under an absolute NNN lease with no landlord responsibilities.
Property Size10,640 SF
Price / SF$138.62
Days on Market6
Property Features for 60 W Hwy 452
General Information
Standard status
Active
Size
10,640 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services - Corporate
(817) 584-2000
Listed By:
Cody Crist · License #697980
Source:
Moodyscre
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 1:05PM
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
Investment Insights
Based on property information with market context.
This 10,640-square-foot retail property in Eubank, Kentucky, is occupied by Dollar General. The asset is leased on an absolute NNN basis, with the lease structure assigning zero landlord responsibilities for the property.
The primary lease term has 12 years remaining. Option periods provide for 10% rental increases every 5 years. Dollar General carries an S&P credit rating of BBB, providing a defined credit profile for the occupying tenant.
The primary lease term has 12 years remaining. Option periods provide for 10% rental increases every 5 years. Dollar General carries an S&P credit rating of BBB, providing a defined credit profile for the occupying tenant.
Key Highlights
- 10,640 SF Dollar General retail building
- 12 years remaining on the primary lease term
- Absolute NNN lease with zero landlord responsibilities
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
$126,888
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
8.60%
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%
$2,537,760
$2.5M
Cap Rate 7%
$1,812,686
$1.8M
Cap Rate 9%
$1,409,867
$1.4M
Market Conditions
NOI Build-Up for 10,640 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
$174.9K $16.44/SF
− Vacancy
−$5.7K −$0.54/SF
EGI
$169.2K $15.90/SF
− OpEx
−$42.3K −$3.98/SF
NOI
$126.9K $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%
$2,537,760
Cap Rate 7%
$1,812,686
Cap Rate 9%
$1,409,867
Alternative Uses
Best Use
Specialty Retail
$1.81M
$1.59M – $2.11M
NOI $126,888 @ 7.0% cap · market cap 8.60%
Second Best
Retail
$1.73M
$1.52M – $2.02M
NOI $121,289 @ 7.0% cap · market cap 8.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,484 visits/mo
0.2 miles
Demographics for 42567, KY
5,671
Population
2,772
Households
2
Avg Household Size
43
Median Age
15%
College-Educated
85%
High-School Grad
88.1 sq mi
ZIP Area
64
Density / Sq Mi
$48,571
Median Household Income
$37,123
Median Earnings
$788
Median Rent
$106,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Dollar General occupies the building under an absolute NNN lease with no landlord responsibilities.
Where is this nnn property located?
The property is located at 60 W Hwy 452 Eubank, KY.
What is the asking price?
The asking price for this property is $1,474,935.
What are key features of this property?
This property features: 10,640 SF Dollar General retail building; 12 years remaining on the primary lease term; Absolute NNN lease with zero landlord responsibilities
