Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5645 Main St Clay City, KY 40312

    For Sale
    $799,945

    Kentucky Retail Property - Net Lease

    Property size:
    9,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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 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

    HighLights

    • Family Dollar Store, 3+ years remaining lease term.
    • Net lease; minimal landlord responsibilities.
    • Corporate guaranteed lease.
    • Strong demographics: 9,000+ residents within 5 miles.
    • Limited retail competition; serves immediate area needs.
    • High visibility; 7,000+ vehicles per day (VPD) on main thoroughfare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Restaurant Realty agency Building Supply Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Auto Parts Store Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Clay City
    County
    Powell
    State
    Kentucky
    Longitude
    -83.939352334794
    Latitude
    37.865527595561

    Nearby Comparable

    • $799,945
      9,180 SF

      Family Dollar Store For Sale

      Family Dollar store with minimal landlord responsibilities and healthy demographics.
      5645 Main St, Clay City, KY 40312
      View Details
    • $150,000
      1,004 SF

      Versatile Commercial Building in Clay City

      Dual-unit commercial property with high visibility and income potential.
      5657 Main St, Clay City, KY 40312
      View Details
    • $399,000
      1,568 SF

      Clay City Commercial Property For Sale

      Four-unit commercial property with Main Street visibility in Clay City, KY.
      5649 Main St, Clay City, KY 40312
      View Details
    • $39,000

      7 Acre Tract Near Gorge

      7 acre tract near Red River Gorge with development potential.
      Forge Mill Rd, Clay City, KY 40312
      View Details

    Nearby Similar for Sale

    • $399,000
      1,568 SF

      Clay City Commercial Property For Sale

      Four-unit commercial property with Main Street visibility in Clay City, KY.
      5649 Main St, Clay City, KY 40312
      View Details
    • $294,000
      0.14 Acres

      Versatile Office Building in Clay City

      Two-story office building with conversion potential in Clay City, KY.
      4418 Main St, Clay City, KY 40312
      View Details
    • $150,000
      1,004 SF

      Versatile Commercial Building in Clay City

      Dual-unit commercial property with high visibility and income potential.
      5657 Main St, Clay City, KY 40312
      View Details
    • $799,945
      9,180 SF

      Family Dollar Store For Sale

      Family Dollar store with minimal landlord responsibilities and healthy demographics.
      5645 Main St, Clay City, KY 40312
      View Details

    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.
    Request Owner's contact information
    5645 Main St Clay City, KY 40312
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5645 Main St
    Clay City, KY 40312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5645 Main St Clay City, KY 40312
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.