719 Main Street Ravenna, KY 40472

Building Details

Year Built

2007

Listing Agency Marcus & Millichap

Listed by Daniel Hurd · License #FL SL3301193

Source Crexi

Added: May 18 Checked: Jul 17 at 7:42 am

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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 Location Intelligence

FAQs

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