301 Farthing St Mayfield, KY 42066

This exceptional investment opportunity presents a 10,600-square-foot Family Dollar store located at 301 W Farthing St, Mayfield, KY 42066. The property is situated in Graves County, benefiting from a strong demographic profile with a population of 17,300 within a 5-mile radius and 28,652 within 10 miles. The current lease, a Net Lease (NN+) agreement, extends to December 31, 2029, providing a remaining term of 5.1 years. Family Dollar recently exercised a third 5-year option early, demonstrating a strong commitment to the location. Two additional 5-year option periods remain. The property boasts 100% occupancy and a current Net Operating Income (NOI) of $41,625. A significant rent increase is scheduled for January 1, 2025, to $58,565, representing a 9.40% cap rate increase. Further enhancing the investment appeal, Family Dollar is currently undergoing a complete remodel to reflect their latest H2.5 store prototype. Recent improvements include a newly completed parking lot and fresh exterior paint. The property enjoys a convenient location, within walking distance of a high school and directly across the street from a Food Giant grocery store, surrounded by residential neighborhoods. This is a perfect bite-sized, long-term investment opportunity in a stable market. The property's strategic location and the tenant's demonstrated commitment make this a compelling investment prospect with significant upside potential.