4585 Us-60 Lakeview Heights, KY 40351
- Retail properties
- 10,640 SF
- 1.53 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4585 Us-60
- Year built
- 2023
- Lot size
- 1.53 lot acres
- Property size
- 10,640 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,640-square-foot Dollar General store located at 4585 US-60 in Lakeview Heights, Kentucky (zip code 40351). The property sits on a 1.53-acre lot and boasts a 7.00% cap rate, generating a net operating income (NOI) of $104,564. Built in 2023, this single-tenant storefront is currently 100% occupied under a 15-year absolute NNN lease with a credit-rated, corporate-guaranteed tenant. The lease commenced on May 31, 2023, and has a remaining term of 13.5 years, expiring May 31, 2038. The lease includes five, 5-year renewal options with a 10% rent increase at each option. The asking price is $1,493,775, translating to a price per square foot of $140.39. This property benefits from its location within a healthy 5-mile radius population exceeding 14,000 residents, approximately 60 miles east of Lexington. The property is part of a larger portfolio. This is a rare opportunity to acquire a new development Dollar General with significant remaining lease term and strong financial performance.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lakeview Heights
- County
- Rowan
- State
- Kentucky
- Longitude
- -83.3771
- Latitude
- 38.228
