Current Use by Public Records
- Retail properties & Spaces
Property Details for 3832 Ky-321
- Lot size
- 0.80 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a Dollar General storefront in Hagerhill, Kentucky. The property boasts a substantial 9,100 square foot building situated on a 0.8-acre lot with ample parking (29 spaces). The current lease, an absolute NNN net lease with a corporate guarantee, provides significant financial security and has over 11 years remaining, including three 5-year options with 10% rent bumps at the beginning of each. This ensures consistent income growth and inflation protection. The property's strong performance is evidenced by its ranking in the top 35% of all Dollar General stores (according to Placer.Ai). Located on State Highway 321, the property benefits from high visibility due to significant street frontage and a large pylon sign, attracting approximately 5,800 vehicles daily. With limited nearby competition, this Dollar General serves both local residents and highway travelers, creating a robust customer base. The property's Net Operating Income (NOI) is $88,860, resulting in a 7.00% cap rate, making it an attractive investment with a strong return. The property's APN is 054-00-00-051.02 and is zoned for general commercial use. This is a rare opportunity to acquire a high-performing, long-term net lease property in a desirable location. The asking price is $1,234,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hagerhill
- County
- Johnson
- State
- Kentucky
- Longitude
- -82.8046
- Latitude
- 37.7878
