4847 Preston Rd Owingsville, KY 40360
- Retail space
- 12,480 SF
- 2.03 lot acres
Current Use by Public Records
- dg market / Grocery Store / Convenience Store
Property Details for 4847 Preston Rd
- Year built
- 2024
- Lot size
- 2.03 lot acres
- Property size
- 12,480 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 12,480-square-foot Dollar General Market in Owingsville, Kentucky. The property boasts a 15-year absolute NNN lease with a credit-rated corporate guarantor, offering 14.3 years remaining. Built in 2024, this single-tenant building sits on a 2.03-acre lot at 4847 Preston Rd, enjoying excellent visibility and convenient access from Interstate-64. The property's strategic location serves a healthy demographic area with over 18,000 residents within a 10-mile radius. The Dollar General Market concept features an expanded selection of fresh produce and increased freezer space, enhancing profitability. The asking price is $1,983,370, representing a price per square foot of $158.92 and a 6.65% cap rate, with a current NOI of $131,894. The lease includes five, 5-year renewal options with a 10% rent increase. This is a truly passive investment with zero landlord responsibilities. This property is part of a larger portfolio and can be purchased individually. The lease commenced March 15, 2024, and expires March 15, 2039.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Owingsville
- County
- Bath
- State
- Kentucky
- Longitude
- -83.7468916
- Latitude
- 38.1010304
