2675 Main St Benton, KY 42025
- Grocery and convenience stores
- 9,026 SF
Current Use by Public Records
- Dollar General / Dollar Store / Beauty Supply Store
- Western Union / Money Transfer Service
- FedEx OnSite / Mailing Service
Property Details for 2675 Main St
- Property size
- 9,026 SF
- Property type
- Grocery and convenience stores
Description
This exceptional investment opportunity features a 9,026-square-foot Dollar General store located at 2675 Main Street, Benton, KY 42025. The property boasts a 15-year NNN lease with a corporate guarantee, providing zero landlord responsibilities. The lease commenced May 1, 2019, and expires April 30, 2034, leaving approximately 9.4 years remaining. The current annual net operating income (NOI) is $79,812, representing a 6.50% cap rate and a price per square foot of $136.04. The asking price is $1,227,876. The single-story building sits on commercially zoned land and includes five 5-year lease options with 10% rent bumps in each. This property presents a compelling investment opportunity, particularly suitable for 1031 exchange purposes, due to its strong tenant, long lease term, and attractive financial metrics. The property is 100% occupied.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Benton
- County
- Marshall
- State
- Kentucky
- Longitude
- -88.3498501
- Latitude
- 36.829645