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    8791 Ky-1 Grayson, KY 41143

    Sponsored
    For Sale
    $1,321,920

    High-yield Family Dollar storefront. Excellent investment opportunity.

    Property size:
    9,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant, 9,190 square foot Family Dollar storefront located at 8791 KY-1, Grayson, KY 41143. Built in 2019, the property sits on a 0.93-acre lot and boasts 100% occupancy with a strong credit tenant. The current lease is a Net-Net (NN) lease with a remaining term of 4.9 years, expiring September 30, 2029. The lease includes six five-year renewal options, each with a 4.00% rent increase. The property offers a compelling 7.50% cap rate, generating a Net Operating Income (NOI) of $99,144, with an asking price of $1,321,920 ($143.84 per square foot). This one-story building presents an ideal investment opportunity due to its strong tenant, favorable lease terms, and attractive financial metrics. The property benefits from ideal demographics and is situated in Carter County, Kentucky. This is a rare chance to acquire a well-performing, established retail property with significant long-term potential.

    Property Features for 8791 Ky-1

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,190 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 2019 Construction.
    • Strong credit tenant, Family Dollar.
    • Six 5‑year lease renewal options with 4% annual rent increases.
    • Ideal demographics in Carter County, Kentucky.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Grayson
    County
    Carter
    State
    Kentucky
    Longitude
    -82.9036776
    Latitude
    38.2146842

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Family Dollar storefront. Excellent investment opportunity.
    Where is this individual retail property located?
    The property is located at 8791 Ky-1 Grayson, KY.
    What is the asking price?
    The asking price for this property is $1,321,920.
    What are key features of this property?
    This property features: 2019 Construction.; Strong credit tenant, Family Dollar.; Six 5-year lease renewal options with 4% annual rent increases.
    Request Owner's contact information
    8791 Ky-1 Grayson, KY 41143
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    Grayson, KY 41143
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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
    8791 Ky-1 Grayson, KY 41143
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