224 Park Ln Lawrenceburg, KY 40342
This exceptional investment opportunity presents a 15,321 square foot shopping center in Lawrenceburg, Kentucky, anchored by a Dollar Tree. The property boasts a highly desirable Net Lease (NNN) structure, minimizing landlord responsibilities. The current lease with Dollar Tree has 7 years remaining, providing long-term stability and predictable cash flow. The tenant recently extended their lease, demonstrating confidence in the location and its performance. The property is strategically situated just off the Bypass at its intersection with Broadway Street, ensuring high visibility and accessibility. The building comprises 8,500 square feet currently occupied by Dollar Tree, plus an additional 6,821 square feet of vacant space offering potential for future income generation or expansion. The asking price is $790,000, representing a compelling $51.56 per square foot and an attractive 8.61% cap rate, based on a Net Operating Income (NOI) of $68,000. The property sits on a 1.22-acre lot and is zoned B-1. This presents a rare chance to acquire a well-located, income-producing asset with a strong national tenant and significant upside potential. The property's location and the strength of the Dollar Tree lease make this an ideal addition to any investment portfolio.
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
Similar Nearby for Lease
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.