5645 Main St Clay City, KY 40312
Kentucky Retail Property - Net Lease
Property size:
9,180 SFProperty Features for 5645 Main St
General Information
- Property type
- Individual retail properties
- Square Feet
- 9,180 SF
- Lot Size
- 63,162 SF
Building Details
- Year Built
- 2007
- Buildings
- 1
- Units
- 1
Listing Agency: Trinity Real Estate Investment Services Listing Agent: Cody Crist
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple ownership of a 9,180 square foot Family Dollar store located at 5645 Main St, Clay City, KY 40312. The property sits on a 1.45-acre lot and boasts a strong 9% cap rate, generating a net operating income (NOI) of $71,994. Built in 2007, this single-tenant retail building benefits from a corporate-guaranteed, net-lease agreement with approximately 2.6 years remaining on the current 20-year lease term, expiring June 29, 2027. The property enjoys 100% occupancy and a price per square foot of $87.14, with an asking price of $799,945. The store benefits from high visibility on a main thoroughfare with significant daily vehicle traffic, serving a population of over 9,000 residents within a 5-mile radius and limited local retail competition. This location offers a compelling investment opportunity due to its strong tenant, favorable lease terms, and attractive financial metrics. The property's strategic location, approximately 42 miles from Lexington, KY, further enhances its long-term potential. This is a rare chance to acquire a well-performing, net-leased retail property in a stable market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Family Dollar
Discount Store
Location Insight
- Map
- Local Demand
- City
- Clay City
- County
- Powell
- State
- Kentucky
- Longitude
- -83.939352334794
- Latitude
- 37.865527595561
Nearby Similar for Sale
FAQs
What type of property is this?
Individual retail property - Kentucky Retail Property - Net Lease
Where is this individual retail property located?
The property is located at 5645 Main St Clay City, KY.
What is the asking price?
The asking price for this property is $799,945.
What are key features of this property?
This property features: Family Dollar Store, 3+ years remaining lease term.; Net lease; minimal landlord responsibilities.; Corporate guaranteed lease.
