120 Huston Dr Shepherdsville, KY 40165

Property Details for 120 Huston Dr

Year built

2006

Lot size

2.00 lot acres

Property size

9,014 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a newly renovated Dollar General store located at 120 Huston Dr, Shepherdsville, KY 40165. The property boasts 9,014 square feet situated on a 2-acre lot with excellent visibility on Hwy 44, experiencing over 13,730 vehicles per day. The single-tenant, net-leased property features a credit-rated, corporate-guaranteed lease with Dollar General, a company with approximately 20,000 locations and a market cap exceeding $30 billion. The lease commenced October 4, 2006, and expires August 31, 2027, with five remaining 5-year options, each including a 10% rent increase. The property underwent a complete renovation in February 2024, demonstrating the tenant's long-term commitment. The current net operating income (NOI) is $66,000, yielding an attractive 8.25% cap rate on an asking price of $800,000. The property benefits from a robust average household income of $96,197 within a 5-mile radius and is conveniently located near an Amazon fulfillment center and other national retailers including Denny's, Subway, Taco Bell, KFC, McDonald's, Kroger, and Starbucks. This is a rare opportunity to acquire a well-located, high-performing retail asset with a strong tenant and significant upside potential. The property's location, tenant strength, and lease terms make it an ideal addition to any investment portfolio.

Location Insight

City

Shepherdsville

County

Bullitt

State

Kentucky

Longitude

-85.6773

Latitude

38.0058