Ravenna Dollar General Investment
For Sale
Contact for pricing
719 Main Street, Ravenna, KY 40472
NNN Dollar General in Ravenna, KY with extended lease.
Property Size9,100 SF
Price / SF$87.27
Days on Market108
Property Features for 719 Main Street
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$67,500
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Daniel Hurd · License #FL SL3301193
Source:
Crexi
Added: May 18
Changed: Aug 23
Last Checked: Sep 1 at 8:25PM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
The Dollar General property, located at 719 Main Street in Ravenna, Kentucky, was built in 2007 and features approximately 9,100 rentable square feet. The tenant has extended the current lease early until July 31st, 2033, demonstrating their commitment to the location. The lease includes five, five-year extension options, each with a 10% rental increase every five years. The property is subject to a double net lease agreement, assigning minimal landlord responsibilities, which include roof, structure, parking lot, and major repairs. The tenant is responsible for monthly common area maintenance, insurance, and reimburses the landlord for real estate taxes. The store is situated on Main Street, which sees over 8,800 vehicles daily. It is approximately 1.5 miles from Richmond Road, near national tenants such as Subway, Wendy's, Pizza Hut, and a nine-tenant strip mall. The immediate area has a 1-mile population of 1,618, with estimated increases through 2027. Ravenna is located in Estill County, in the eastern part of Kentucky, 122 miles east of Louisville, Kentucky, and 117 miles south of Cincinnati, Ohio.
Key Highlights
- Long‑term lease with Dollar General extending to July 31st, 2033, demonstrating tenant commitment
- Double Net (DN) lease agreement provides minimal landlord responsibilities
- Five, five‑year lease extension options, each with 10% rental increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40472, KY
1,597
Population
791
Households
2
Avg Household Size
47
Median Age
9%
College-Educated
75%
High-School Grad
45.1 sq mi
ZIP Area
35
Density / Sq Mi
$35,125
Median Household Income
$40,833
Median Earnings
$843
Median Rent
$96,000
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?
Grocery and convenience store - NNN Dollar General in Ravenna, KY with extended lease.
Where is this grocery and convenience store located?
The property is located at 719 Main Street Ravenna, KY.
What is the asking price?
The asking price for this property is $794,117.
What are key features of this property?
This property features: Long‑term lease with Dollar General extending to July 31st, 2033, demonstrating tenant commitment; Double Net (DN) lease agreement provides minimal landlord responsibilities; Five, five‑year lease extension options, each with 10% rental increases
