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    9751 Millard Hwy Pikeville, KY 41501

    Sponsored
    For Sale
    $1,531,425

    High-yield, NNN-leased retail investment

    Property size:
    12,668 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 12,668-square-foot Dollar General Market in Pikeville, Kentucky. The property boasts a nearly full 15-year absolute NNN lease (expiring November 30, 2037), offering significant passive income with zero landlord responsibilities. Built in 2022, this single-tenant building sits on a 2.09-acre lot with high visibility, fronting Millard Highway, a road with over 12,305 vehicles per day. The lease includes five 5-year options with a 10% rent increase in each option period. The property's strong tenant, a credit-rated corporation with a corporate guarantee, ensures consistent cash flow. With a current NOI of $107,199 and an asking price of $1,531,425, this represents a compelling 7.00% cap rate and a price per square foot of $120.89. The property is located approximately 11 miles from downtown Pikeville and the University of Pikeville. This is a rare opportunity to acquire a newly constructed, high-performing retail asset with a long-term lease and significant upside potential. The property's location and strong tenant combine to create a secure and profitable investment.

    Property Features for 9751 Millard Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,668 SF
    Lot Size
    91,040 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Units
    1

    HighLights

    • New DG Market development in Pikeville, KY.
    • Attractive price point.
    • NNN lease with approximately 15 years remaining.
    • 2‑acre parcel on Millard Hwy, high traffic count (12,305+ VPD).
    • Zero landlord responsibilities.
    • Convenient location, 11 miles from downtown Pikeville and the University of Pikeville.
    Property Profile Location Intelligence

    Current Use by Public Records

    DG Market Grocery Store Marrowbone Fire Department ... Fire Station

    Suggested Use

    Restaurant Auto Repair Shop Clothing Store Auto Parts Store Hotel & Motel Pharmacy Department Store Food Market Grocery Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Pike
    State
    Kentucky
    Longitude
    -82.4186891
    Latitude
    37.3688247

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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 9751 Millard Hwy Pikeville, KY.
    What is the asking price?
    The asking price for this property is $1,531,425.
    What are key features of this property?
    This property features: New DG Market development in Pikeville, KY.; Attractive price point.; NNN lease with approximately 15 years remaining.
    Request Owner's contact information
    9751 Millard Hwy Pikeville, KY 41501
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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
    9751 Millard Hwy Pikeville, KY 41501
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