8791 Ky-1 Grayson, KY 41143
- Retail properties
- 9,190 SF
- 0.93 lot acres
Current Use by Public Records
- Retail properties
Property Details for 8791 Ky-1
- Year built
- 2019
- Lot size
- 0.93 lot acres
- Property size
- 9,190 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a single-tenant, 9,190 square foot Family Dollar storefront located at 8791 KY-1, Grayson, KY 41143. Built in 2019, the property sits on a 0.93-acre lot and boasts 100% occupancy with a strong credit tenant. The current lease is a Net-Net (NN) lease with a remaining term of 4.9 years, expiring September 30, 2029. The lease includes six five-year renewal options, each with a 4.00% rent increase. The property offers a compelling 7.50% cap rate, generating a Net Operating Income (NOI) of $99,144, with an asking price of $1,321,920 ($143.84 per square foot). This one-story building presents an ideal investment opportunity due to its strong tenant, favorable lease terms, and attractive financial metrics. The property benefits from ideal demographics and is situated in Carter County, Kentucky. This is a rare chance to acquire a well-performing, established retail property with significant long-term potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grayson
- County
- Carter
- State
- Kentucky
- Longitude
- -82.9037
- Latitude
- 38.2147
