380 Josh Hill Rd Pine Knot, KY 42635
- Retail space
- 10,640 SF
- 1.55 lot acres
Current Use by Public Records
- Western Union / Money Transfer Service
- Dollar General / Dollar Store / Candy Store
Property Details for 380 Josh Hill Rd
- Year built
- 2022
- Lot size
- 1.55 lot acres
- Property size
- 10,640 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a 10,640-square-foot Dollar General store located at 380 Josh Hill Rd, Pine Knot, KY 42635. The property, built in 2022, sits on a 1.55-acre lot and boasts a 100% occupancy rate with a strong corporate tenant. The absolute NNN lease, commenced July 12, 2022, has a remaining term of 12.7 years, providing long-term stability and predictable cash flow. The current asking price is $1,360,000, representing a compelling $127.82 per square foot and a 6.75% cap rate based on a net operating income (NOI) of $91,800. The lease includes five 5-year options with 10% rent increases, ensuring future income growth. This single-tenant property offers a low-risk, passive income stream with minimal landlord responsibilities. The property's location in McCreary County, Kentucky, approximately 75 miles north of Knoxville, Tennessee, provides access to a substantial customer base. This is a rare opportunity to acquire a well-performing, credit-rated, corporate-guaranteed net lease property with significant remaining lease term and built-in rent escalations. The property is a new development, offering a modern and efficient retail space.
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
- Pine Knot
- County
- McCreary
- State
- Kentucky
- Longitude
- -84.39687
- Latitude
- 36.66253
