2975 Brandenburg Rd Brandenburg, KY 40108-9355
- Showrooms
Current Use by Public Records
- Redbox / Movie Rental Kiosk / Dvd Store
- Dollar General / General Store / Dollar Store
- FedEx OnSite / Mailing Service
- Western Union / Money Transfer Service
Property Details for 2975 Brandenburg Rd
- Property type
- Showrooms
- APN
- 124-20-00-071
- APU
- 1242000071
Description
This exceptional investment opportunity presents a fee-simple, Class A, 9,026 square-foot Dollar General convenience store in Brandenburg, KY. Located at 2975 Brandenburg Rd, 40108, this single-tenant property boasts a strong 7.47% cap rate and a substantial net operating income (NOI) of $93,367. The property sits on a 2.4-acre lot with ample parking (30 spaces) and is situated at a signalized intersection on a high-traffic bypass, offering excellent visibility and accessibility. The absolute NNN lease, with a corporate guarantee from the credit-rated Dollar General, provides significant investor security. The lease commenced November 22, 2016, and has a remaining term of 7 years, with five 5-year renewal options, each including a 10% rent increase. Built in 2016, the property is zoned commercial and benefits from the proximity to major employment centers, including the large Nucor Steel Plant. This is a rare opportunity to acquire a well-performing, low-maintenance retail asset in a growing Kentucky market. The property's price per square foot is $138.49, and the lease expiration date is November 22, 2031. The asking price for this turnkey investment is $1,250,000. The property features a 100% occupancy rate.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brandenburg
- County
- Meade
- State
- Kentucky
- Longitude
- -86.1399
- Latitude
- 37.9667
- CBSA code
- 21060
- CBSA name
- ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA
