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    7001 Us-421 McKee, KY 40447

    For Sale
    $1,584,845

    High-yield NNN lease investment. Strong tenant.

    Property size:
    12,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fee-simple ownership of a 12,480-square-foot Dollar General Market located at 7001 US-421, McKee, KY 40447. The property, built in 2023, sits on a 1.16-acre lot and boasts a 100% occupancy rate. The current lease is an absolute NNN, providing significant investor protection, with a remaining term of approximately 13.8 years (expiring September 22, 2038). The lease commenced September 28, 2023, and includes five, 5-year renewal options with a 10% rent increase. The tenant, Dollar General Market, is credit-rated and backed by a corporate guarantee, ensuring consistent income. The property generates a substantial net operating income (NOI) of $110,939, resulting in a compelling 7.00% cap rate. The asking price is $1,584,845, translating to a price per square foot of $126.99 and a price per unit of $1,584,845. This is a larger prototype store, offering a wider selection of goods than a standard Dollar General. This property represents a secure, high-yield investment with a strong tenant and long-term lease.

    Property Features for 7001 Us-421

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,480 SF
    Lot Size
    50,530 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Units
    1

    HighLights

    • New Dollar General Market store, a new development.
    • 14+ years remaining on a 15‑year absolute NNN lease.
    • Expanded product selection including fresh produce and groceries.
    • Larger 12,480 square foot building.
    • Part of a 28‑unit Kentucky Dollar General portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    McKee
    County
    Jackson
    State
    Kentucky
    Longitude
    -84.086681
    Latitude
    37.4843748

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    • Contact for pricing
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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN lease investment. Strong tenant.
    Where is this individual retail property located?
    The property is located at 7001 Us-421 McKee, KY.
    What is the asking price?
    The asking price for this property is $1,584,845.
    What are key features of this property?
    This property features: New Dollar General Market store, a new development.; 14+ years remaining on a 15-year absolute NNN lease.; Expanded product selection including fresh produce and groceries.
    Request Owner's contact information
    7001 Us-421 McKee, KY 40447
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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
    7001 Us-421 McKee, KY 40447
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