596 Main St Brodhead, KY 40409
- Specialty properties
- 12,480 SF
- 1.51 lot acres
Current Use by Public Records
- DG Market / Grocery Store / Convenience Store
- FedEx OnSite / Mailing Service
Property Details for 596 Main St
- Year built
- 2023
- Lot size
- 1.51 lot acres
- Property size
- 12,480 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 12,480-square-foot Dollar General Market in Brodhead, Kentucky. Located at 596 S Main St, 40409, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $118,998. The property features a 15-year absolute triple-net (NNN) lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. With 14 years remaining on the lease term (commencing November 11, 2023, and expiring November 1, 2038), this investment offers exceptional long-term stability. The lease includes five, 5-year renewal options with a 10% rent increase. Built in 2023, the single-unit building sits on a 1.51-acre lot and is currently 100% occupied. The asking price is $1,699,970, translating to a price per square foot of $136.22 and a price per unit of $1,699,970. This property represents a secure and lucrative investment opportunity in a thriving retail market. The Dollar General Market concept offers a wider selection of fresh produce and additional freezer space, catering to the needs of the approximately 7,500+ residents within a 5-mile radius.
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
- Brodhead
- County
- Rockcastle
- State
- Kentucky
- Longitude
- -84.4169
- Latitude
- 37.3936
