Current Use by Public Records
- Retail properties & Spaces
Property Details for 11 J.t. King Rd
- Year built
- 2019
- Lot size
- 0.21 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 9,100-square-foot Dollar General convenience store located at 11 J.T. King Road, Hartford, Kentucky 42347. Built in 2019, this single-story building sits on a 0.21-acre lot and is zoned for commercial use. The property boasts a 100% occupancy rate with a corporate-guaranteed NNN lease, eliminating landlord responsibilities. The current lease, commencing February 27, 2019, and expiring February 28, 2034, has a remaining term of approximately 9.3 years. The lease includes five 5-year renewal options, each with a 10% rent increase. The asking price is $1,184,307, representing a price per square foot of $130.14 and a compelling 6.50% cap rate based on a net operating income (NOI) of $76,980. This property is an ideal investment for those seeking a low-maintenance, high-return asset with a strong national tenant. The property's location in Hartford, Ohio County, Kentucky offers excellent visibility and accessibility. This is a prime opportunity for a 1031 exchange.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hartford
- County
- Ohio
- State
- Kentucky
- Longitude
- -86.9662
- Latitude
- 37.5237
