596 Main StBrodhead, KY 40409

Property Details for 596 Main St

Year built

2023

Lot size

1.51 AC

Property size (Sq ft)

12,480 SF

Property type

Retail properties

Property subtype

Other specialty 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.

Location Insight

City

Brodhead

County

Rockcastle

State

Kentucky

Latitude

37.3936

Longitude

-84.4169

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