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Property profile & analytics
FOR LEASE
Retail space

3420 Main St Stamping Ground, KY 40379

9,100 SF 1.4 ac lot Built 2011
Individually Owned 12-yr Hold Free & Clear
Property ID
US34-1525130
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2011
Total area 9,100 SF
Lot 1.4 ac (61,071 SF)
APN 038-00-052.000
UPID US34-1525130
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$821k
Blend (final) Blend
$825k
Owner & transaction history
Ashraf Tarakai · 12 yrs held
Ashraf Tarakai
since 2013
2 recorded transactions
2013
Price N/A
2013
$980,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.0M +98.5%
Auto repair, garage $815,000 +57.6%
Commercial (general) $685,000 +33.0%
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More about this property
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