Current Use by Public Records
- U-Haul Neighborhood Dealer / Car Rental Facility
- Dollar General / Discount Store
Property Details for 10037 Us Highway 27
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,640-square-foot Dollar General store in Waynesburg, Kentucky. Built in 2024, the property boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, offering 14.2 years remaining on the current term. The lease includes five, five-year renewal options with a 5% rent increase. Located at 10037 US Hwy 27, this single-tenant property benefits from a prime location along Interstate 27, experiencing a high daily traffic volume of 6,000 to 15,000 vehicles. The strong demographics of the area, with over 18,000 residents within a 10-mile radius, further enhance the investment potential. The property generates a substantial net operating income (NOI) of $115,497, resulting in a compelling 6.65% cap rate. The asking price is $1,736,795, translating to a price per square foot of $163.23. This property is part of a larger 28-unit portfolio in Kentucky, offering the potential for acquisition individually or as a package. The one-acre lot ensures ample space for the building and future potential. This is a truly passive investment opportunity with zero landlord responsibilities. The lease commenced January 13, 2024, and expires January 13, 2039.
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
- Waynesburg
- County
- Lincoln
- State
- Kentucky
- Longitude
- -84.6528
- Latitude
- 37.3928
