Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7001 Us-421 McKee, KY 40447
    Back to Search
    Property profile & analytics

    7001 Us-421, McKee, KY 40447

    View on Map
    • Specialty properties
    • 12,480 SF
    • 1.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 7001 Us-421

    Year built
    2023
    Lot size
    1.16 lot acres
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a fee-simple ownership of a 12,480-square-foot Dollar General Market located at 7001 US-421, McKee, KY 40447. The property, built in 2023, sits on a 1.16-acre lot and boasts a 100% occupancy rate. The current lease is an absolute NNN, providing significant investor protection, with a remaining term of approximately 13.8 years (expiring September 22, 2038). The lease commenced September 28, 2023, and includes five, 5-year renewal options with a 10% rent increase. The tenant, Dollar General Market, is credit-rated and backed by a corporate guarantee, ensuring consistent income. The property generates a substantial net operating income (NOI) of $110,939, resulting in a compelling 7.00% cap rate. The asking price is $1,584,845, translating to a price per square foot of $126.99 and a price per unit of $1,584,845. This is a larger prototype store, offering a wider selection of goods than a standard Dollar General. This property represents a secure, high-yield investment with a strong tenant and long-term lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McKee
    County
    Jackson
    State
    Kentucky
    Longitude
    -84.0867
    Latitude
    37.4844

    Comparable in this City

    • Value Estimation by Request
      10,640 SF

      6120 Us-421

      Individual retail properties
      6120 Us-421, McKee, KY 40447
      View Details
    • Value Estimation by Request

      Us 421st S

      FUNERAL HOME
      Us 421st S, Mc Kee, KY 40447
      View Details
    • Value Estimation by Request
      2.65 Acres

      8646 Us Highway 421

      Land
      8646 Us Highway 421, McKee, KY 40447
      View Details
    • Value Estimation by Request

      3478 Hwy 421st S

      FUNERAL HOME
      3478 Hwy 421st S, Mckee, KY 40447-5900
      View Details
    • Value Estimation by Request

      5764 Hwy 421st N

      RETAIL STORES (PERSONAL SERVICES)
      5764 Hwy 421st N, Mckee, KY 40447-8980
      View Details
    • Value Estimation by Request

      Mc Kee, KY 40447

      NURSERY, GREENHOUSE, FLORIST
      Mc Kee, KY 40447
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,480 SF

      New Development Dollar General Market

      New Dollar General Market concept store with long-term NNN lease.
      7001 Us Highway 421, Mc Kee, KY 40447
      View Details
    • Contact for pricing
      10,640 SF

      Dollar General NNN Investment Property

      NNN Dollar General with 14 years remaining on lease.
      6120 Us Highway 421, Mc Kee, KY 40447
      View Details
    • $319,000
      4,800 SF

      Versatile Commercial Building in McKee

      4,800 sq ft commercial building with prime location and parking.
      212 First St, Mc Kee, KY 40447
      View Details
    • Contact for pricing
      9,373 SF

      Corporate Family Dollar NNN Property

      NNN investment opportunity with corporate Family Dollar tenant.
      7320 Us Highway 421, Mc Kee, KY 40447
      View Details
    • $142,000
      4,000 SF

      Versatile Commercial Space in Grey Hawk

      4,000 SF multi-use commercial space in prime Grey Hawk location.
      6299 Us Highway 421 N Grey Hawk, Mc Kee, KY 40447
      View Details
    • Contact for pricing
      8,000 SF

      Retail Property in McKee, KY

      Retail property for sale in McKee, Kentucky, 8000 square feet.
      551 Main St, Mc Kee, KY 40447
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7001 Us-421
    McKee, KY 40447
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7001 Us-421, McKee, KY, 40447
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!