7001 Us-421 McKee, KY 40447
- Specialty properties
- 12,480 SF
- 1.16 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 7001 Us-421
- Year built
- 2023
- Lot size
- 1.16 lot acres
- Property size
- 12,480 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
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 Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- McKee
- County
- Jackson
- State
- Kentucky
- Longitude
- -84.0867
- Latitude
- 37.4844
