3832 Ky-321 Hagerhill, KY 41222
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.