10037 Us Highway 27 Waynesburg, KY 40489

Property Details for 10037 Us Highway 27

Year built

2024

Lot size

1.00 lot acres

Property size

10,640 SF

Property type

Specialty properties

Property subtype

Retail properties

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.

Location Insight

City

Waynesburg

County

Lincoln

State

Kentucky

Longitude

-84.6528

Latitude

37.3928