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    835 Broadway Mayfield, KY 42066

    Sponsored
    For Sale
    $1,788,571

    Dollar Tree/Family Dollar Net Lease

    Property size:
    10,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2024), 10,500 square foot, single-tenant retail building in Mayfield, KY. The property is 100% occupied by Dollar Tree and Family Dollar under a corporate-guaranteed, net lease with a remaining term of 10 years and four 5-year options. The lease includes annual rent bumps of $0.50 per square foot at the beginning of each option period. Located on E. Broadway, the property boasts high visibility and accessibility, with approximately 13,900 vehicles passing daily. Direct access to State Route 121, connecting to State Route 80 and Interstate 69, ensures excellent regional connectivity. The 1.2-acre lot provides ample parking (27 spaces). The property's strong location benefits from a robust surrounding retail environment, including national and regional tenants, and a significant residential population within a 5-mile radius (over 17,000 residents, 8,000 daytime employees, and an average household income of $62,243). The property features a 7.35% cap rate and a net operating income (NOI) of $131,460, with an asking price of $1,788,571 ($170.34/sq ft). The property is zoned B-1. This is a low-management, passive investment opportunity with significant long-term growth potential.

    Property Features for 835 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,500 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,788,571 asking price for a net‑leased retail property.
    • 10,500 square feet, newly built in 2024, single‑tenant convenience store/grocery store.
    • Dollar Tree and Family Dollar on a 10‑year lease with four 5‑year options; corporate guarantee.
    • 7.35% cap rate with a $131,460 net operating income (NOI).
    • Located in Mayfield, KY, on 1.2 acres with 27 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mayfield
    County
    Graves
    State
    Kentucky
    Longitude
    -88.6246251
    Latitude
    36.744869

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    FAQs

    What type of property is this?
    Individual retail property - Dollar Tree/Family Dollar Net Lease
    Where is this individual retail property located?
    The property is located at 835 Broadway Mayfield, KY.
    What is the asking price?
    The asking price for this property is $1,788,571.
    What are key features of this property?
    This property features: $1,788,571 asking price for a net-leased retail property.; 10,500 square feet, newly built in 2024, single-tenant convenience store/grocery store.; Dollar Tree and Family Dollar on a 10-year lease with four 5-year options; corporate guarantee.
    Request Owner's contact information
    835 Broadway Mayfield, KY 42066
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    835 Broadway Mayfield, KY 42066
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