10163 Us-27 Butler, KY 41006
- Retail properties
- 12,480 SF
- 1.58 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10163 Us-27
- Year built
- 2024
- Lot size
- 1.58 lot acres
- Property size
- 12,480 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a brand-new, 12,480-square-foot Dollar General Market situated on a 1.58-acre lot in Butler, Kentucky. Built in 2024, this Class A storefront boasts a 100% occupancy rate with a fifteen-year absolute NNN lease commencing September 17, 2024, and expiring September 30, 2039. The lease includes five five-year renewal options, each with a 5% rent increase. This translates to a substantial $164,230 annual net operating income (NOI) and a compelling 6.90% cap rate. The property benefits from a corporate guarantee by Dollar General, an investment-grade tenant with a "BBB" rating, ensuring minimal landlord responsibilities. Located at 10163 US-27, Butler, KY 41006, this highly visible location enjoys an average daily traffic count exceeding 7,800 vehicles. The surrounding area demonstrates strong demographics, with over 25,000 residents within a ten-mile radius and an average household income exceeding $77,000 within a three-mile radius. This fee-simple ownership presents a rare opportunity for a 1031 exchange or passive investor seeking a secure, high-return investment with built-in rent growth. The asking price is $2,380,144.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Butler
- County
- Pendleton
- State
- Kentucky
- Longitude
- -84.3529
- Latitude
- 38.7917
