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    720 Slate Ave Owingsville, KY 40360

    For Sale
    $1,603,745

    High-traffic, NNN-leased retail investment

    Property size:
    10,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fee-simple ownership of a 10,640-square-foot Dollar General Market in Owingsville, Kentucky. Built in 2022, this property boasts a strong 12.8 years remaining on a 15-year absolute NNN lease with a credit-rated tenant backed by a corporate guarantee. The lease features five, 5-year renewal options with a 10% rent increase. The property's strategic location on a main retail corridor ensures high visibility and accessibility, with daily traffic counts exceeding 7,500 vehicles. This prime location is further enhanced by its proximity to established national brands such as McDonald's, Taco Bell, Dairy Queen, and Subway. The Dollar General Market concept offers an expanded selection of grocery and produce items, catering to the local community's needs. The property generates a substantial net operating income (NOI) of $112,262, resulting in a compelling 7.00% cap rate. The asking price is $1,603,745, translating to $150.73 per square foot and $1,603,745 per unit. This property is part of a larger Kentucky portfolio. The one-building property sits on a one-acre lot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant long-term potential.

    Property Features for 720 Slate Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,640 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2022
    Buildings
    1
    Units
    1

    HighLights

    • Absolute NNN lease with Dollar General.
    • 2022‑built Dollar General Market with 13+ years remaining on a 15‑year lease.
    • Expanded grocery and produce selection due to the "Market" concept.
    • High‑traffic location on main retail corridor, near McDonald's, Taco Bell, Dairy Queen, and Subway.
    • Daily traffic exceeding 7,500 vehicles.
    • Part of a larger 28‑unit Kentucky portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service DG Market Grocery Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Owingsville
    County
    Bath
    State
    Kentucky
    Longitude
    -83.7600033
    Latitude
    38.1353306

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic, NNN-leased retail investment
    Where is this individual retail property located?
    The property is located at 720 Slate Ave Owingsville, KY.
    What is the asking price?
    The asking price for this property is $1,603,745.
    What are key features of this property?
    This property features: Absolute NNN lease with Dollar General.; 2022-built Dollar General Market with 13+ years remaining on a 15-year lease.; Expanded grocery and produce selection due to the "Market" concept.
    Request Owner's contact information
    720 Slate Ave Owingsville, KY 40360
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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
    720 Slate Ave Owingsville, KY 40360
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