1067 Us-42 Bedford, KY 40006
- Specialty properties
- 10,640 SF
Current Use by Public Records
- Specialty properties
Property Details for 1067 Us-42
- Year built
- 2024
- 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 brand-new, 10,640-square-foot Dollar General Market in Bedford, Kentucky. Located at 1067 US-42, this property boasts a 15-year absolute NNN lease commencing August 4, 2024, and expiring August 4, 2039, with a remaining term of approximately 14.7 years. The lease includes five, five-year renewal options, each with a 5% rent increase. The current annual net operating income (NOI) is $123,708, resulting in a compelling 6.65% cap rate and a price per square foot of $174.84. The property benefits from a corporate guarantee and enjoys a 100% occupancy rate. Situated along a high-traffic corridor (US Hwy 42) with nearly 2,500 vehicles per day, this Dollar General serves as a primary retail source in the area, minimizing competition. The building, constructed in 2024, is a single-unit structure. This is a turnkey investment with minimal landlord responsibilities, offering significant long-term value and passive income potential. The asking price is $1,860,275.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Trimble
- State
- Kentucky
- Longitude
- -85.319
- Latitude
- 38.5813
