3420 Main St Stamping Ground, KY 40379-9628
- Retail space
- 9,100 SF
- 1.40 lot acres
Current Use by Public Records
- Retail space
Property Details for 3420 Main St
- Year built
- 2011
- Lot size
- 1.40 lot acres
- Property size
- 9,100 SF
- Property type
- Retail space
- APN
- 038-00-052.000
- APU
- 3800052000
Description
This exceptional investment opportunity features a 9,026-square-foot Dollar General store situated on a 1.4-acre lot at 3420 Main St, Stamping Ground, KY 40379. Built in 2011, this single-story building boasts a 100% occupancy rate under a Net Net (NN) lease with a corporate guarantee. The current lease, commencing January 1, 2011, and expiring January 1, 2026, has a remaining term of approximately 1.1 years, followed by five 5-year options with 10% rent bumps in each. The property generates a substantial Net Operating Income (NOI) of $76,944, resulting in a compelling 7.50% capitalization rate. The asking price is $1,025,920, translating to $113.66 per square foot. The property is zoned for commercial use and strategically located at the convergence of Locust Fork Road, Main Street, and Woodlake Road. Average household income within a 5-mile radius exceeds $105,000. This is a rare chance to acquire a well-performing, established retail asset with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Stamping Ground
- County
- Scott
- State
- Kentucky
- Longitude
- -84.6887
- Latitude
- 38.2722
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
