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    596 Main St Brodhead, KY 40409

    Sponsored
    For Sale
    $1,699,970

    High-yield, NNN-leased retail investment.

    Property size:
    12,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fee-simple ownership of a 12,480-square-foot Dollar General Market in Brodhead, Kentucky. Located at 596 S Main St, 40409, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $118,998. The property features a 15-year absolute triple-net (NNN) lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. With 14 years remaining on the lease term (commencing November 11, 2023, and expiring November 1, 2038), this investment offers exceptional long-term stability. The lease includes five, 5-year renewal options with a 10% rent increase. Built in 2023, the single-unit building sits on a 1.51-acre lot and is currently 100% occupied. The asking price is $1,699,970, translating to a price per square foot of $136.22 and a price per unit of $1,699,970. This property represents a secure and lucrative investment opportunity in a thriving retail market. The Dollar General Market concept offers a wider selection of fresh produce and additional freezer space, catering to the needs of the approximately 7,500+ residents within a 5-mile radius.

    Property Features for 596 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,480 SF
    Lot Size
    65,776 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Units
    1

    HighLights

    • 7.00% CAP Rate, Absolute NNN Lease with Dollar General (Market Concept).
    • 15‑Year Lease with 14+ Years Remaining.
    • Strong Demographics: 7,500+ Residents within a 5‑Mile Radius.
    • Dollar General Market offers expanded product selection, including fresh produce and increased freezer space.
    • Zero Landlord Responsibilities.
    • Part of a 28‑unit Kentucky portfolio; available for individual or portfolio purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    DG Market Grocery Store FedEx OnSite Mailing Service

    Suggested Use

    Restaurant Building Supply Wholesale Shop Hair Salon Clothing Store Pharmacy Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Brodhead
    County
    Rockcastle
    State
    Kentucky
    Longitude
    -84.4168903
    Latitude
    37.3936373

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    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN-leased retail investment.
    Where is this individual retail property located?
    The property is located at 596 Main St Brodhead, KY.
    What is the asking price?
    The asking price for this property is $1,699,970.
    What are key features of this property?
    This property features: 7.00% CAP Rate, Absolute NNN Lease with Dollar General (Market Concept).; 15-Year Lease with 14+ Years Remaining.; Strong Demographics: 7,500+ Residents within a 5-Mile Radius.
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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
    596 Main St Brodhead, KY 40409
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