30 Panther Ave Flemingsburg, KY 41041
- Specialty properties
- 10,640 SF
- 1.67 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 30 Panther Ave
- Year built
- 2024
- Lot size
- 1.67 lot acres
- Property size
- 10,640 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,640 square foot Dollar General store in Flemingsburg, Kentucky. The property, built in 2024, sits on a 1.67-acre lot at the high-traffic intersection of Maysville Road and KY 57, boasting over 11,000 vehicles per day. The absolute NNN lease with Dollar General commenced March 15, 2024, and has a remaining term of approximately 14.3 years, expiring February 28, 2039. The lease includes five, 5-year options with a 5% rent increase each time. This translates to a current net operating income (NOI) of $109,789, resulting in a compelling 6.65% cap rate and a price per square foot of $155.17. The property benefits from a credit-rated tenant with a corporate guarantee, ensuring minimal landlord responsibilities. Its strategic location near other national retailers, apartments, and schools further enhances its value and potential for long-term growth. The asking price is $1,650,960. This property is part of a larger portfolio and can be purchased individually. The property's strong tenant, long lease term, and favorable location make it an attractive investment for discerning buyers. The 100% occupancy ensures immediate cash flow.
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
- Flemingsburg
- County
- Fleming
- State
- Kentucky
- Longitude
- -83.74
- Latitude
- 38.4388
