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    6775 Ky-7 Blackey, KY 41832

    For Sale
    $1,322,370

    High-yield, NNN-leased retail property.

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a 10,640-square-foot Dollar General store located at 6775 KY-7, Blackey, KY 41832. Built in 2022, this single-tenant property sits on a spacious 1.99-acre lot with a concrete parking lot, ensuring ample customer parking. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $92,565. The absolute NNN lease, with a credit-rated corporate guarantor, minimizes landlord responsibilities. The current lease term extends to July 31, 2037, offering a remaining lease term of approximately 12.7 years. Five 5-year lease options are included, each with a 10% rent increase. The property's strategic location serves as a primary retail source for the community, minimizing competition. The asking price is $1,322,370, translating to a price per square foot of $124.28 and a price per unit of $1,322,370. The tenant is responsible for HVAC maintenance. This is a low-price-point, newer development offering a secure and passive income stream for investors. The property's size and location make it an attractive investment with significant long-term potential.

    Property Features for 6775 Ky-7

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF
    Lot Size
    86,684 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Units
    1

    HighLights

    • Low‑price‑point, newer Dollar General with over 13 years remaining lease term.
    • Absolute NNN lease with zero landlord responsibilities.
    • 1.99‑acre lot with ample concrete parking.
    • Tenant responsible for HVAC maintenance.
    • Five, 5‑year lease options with 10% rent increases.
    • Limited retail competition; serves as primary retail source for the community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Blackey
    County
    Letcher
    State
    Kentucky
    Longitude
    -82.96594
    Latitude
    37.14299

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    Nearby Similar for Sale

    • $1,322,370
      10,640 SF

      Dollar General in Blackey, KY

      Dollar General on 2-acre parcel with concrete parking lot.
      Mouth Of Crases Br, Blackey, KY
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield, NNN-leased retail property.
    Where is this individual retail property located?
    The property is located at 6775 Ky-7 Blackey, KY.
    What is the asking price?
    The asking price for this property is $1,322,370.
    What are key features of this property?
    This property features: Low-price-point, newer Dollar General with over 13 years remaining lease term.; Absolute NNN lease with zero landlord responsibilities.; 1.99-acre lot with ample concrete parking.
    Request Owner's contact information
    6775 Ky-7 Blackey, KY 41832
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    Blackey, KY 41832
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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
    6775 Ky-7 Blackey, KY 41832
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