2300 Ky-15 Whitesburg, KY 41858
- Retail properties
- 11,180 SF
Current Use by Public Records
- Retail properties
Property Details for 2300 Ky-15
- Property size
- 11,180 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 11,180 square foot retail property in Whitesburg, Kentucky, currently 100% occupied by a Dollar Tree, subleased from a former Walgreens location. The property boasts a strong 15.75% cap rate and a substantial net operating income (NOI) of $236,187. Situated on a signalized corner of a major east-west thoroughfare with 7,000 vehicles per day, this location offers unparalleled visibility and accessibility. The lease with Dollar Tree is a Net Lease (NN) agreement with a credit-rated tenant, providing a stable income stream through October 31, 2027 (approximately 2.9 years remaining). The property benefits from a robust population base of 9,312 residents within a 5-mile radius and enjoys excellent retail synergy with nearby national and local retailers including Food City, Save A Lot, KFC, Taco Bell, and Dollar General. The asking price is $1,500,000, translating to $134.17 per square foot. This is a rare opportunity to acquire a high-performing, net-leased retail property in a thriving Kentucky market. No lease options are currently available.
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
- Whitesburg
- County
- Letcher
- State
- Kentucky
- Longitude
- -82.8407
- Latitude
- 37.1226
