4925 Ky-52 Loretto, KY 40037
- Retail properties
- 10,500 SF
- 1.07 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4925 Ky-52
- Year built
- 2021
- Lot size
- 1.07 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity features a 10,500 square foot, single-tenant retail building housing a Family Dollar and Dollar Tree combination store. Built in 2021 on a 1.07-acre lot in Loretto, Kentucky, this property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $114,975. The current lease, a modified triple-net (NNN) agreement, has a remaining term of 7.2 years (expiring January 30, 2032), with four, five-year renewal options including rent increases. The tenant is responsible for all expenses except roof and structure maintenance. The property's strategic location, approximately 3.3 miles from the Maker's Mark Distillery, a major tourist attraction on the Kentucky Bourbon Trail, ensures high visibility and consistent traffic. Loretto's proximity to Louisville and Lexington further enhances its appeal. This built-to-suit property, designed for small-town markets, represents a secure, long-term investment with a highly reputable national tenant. The combination store format has demonstrated strong sales performance, exceeding 20% in comparable sales. The lease includes no early termination clause, providing added security for the investor. This is a rare opportunity to acquire a high-performing, net-leased retail property in a desirable location with a strong tenant and significant remaining lease term.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Loretto
- County
- Marion
- State
- Kentucky
- Longitude
- -85.4015
- Latitude
- 37.6354
