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Property profile & analytics
OFF-MARKET
Commercial real estate

5645 Main St Clay City, KY 40312-1308

1,200 SF 0.81 ac lot
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Property ID
US34-1197836
Property summary
AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a 9,180 square foot Family Dollar store located at 5645 Main St, Clay City, KY 40312. The property sits on a 1.45-acre lot and boasts a strong 9% cap rate, generating a net operating income (NOI) of $71,994. Built in 2007, this single-tenant retail building benefits from a corporate-guaranteed, net-lease agreement with approximately 2.6 years remaining on the current 20-year lease term, expiring June 29, 2027. The property enjoys 100% occupancy and a price per square foot of $87.14, with an asking price of $799,945. The store benefits from high visibility on a main thoroughfare with significant daily vehicle traffic, serving a population of over 9,000 residents within a 5-mile radius and limited local retail competition. This location offers a compelling investment opportunity due to its strong tenant, favorable lease terms, and attractive financial metrics. The property's strategic location, approximately 42 miles from Lexington, KY, further enhances its long-term potential. This is a rare chance to acquire a well-performing, net-leased retail property in a stable market.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction WOOD
Total area 1,200 SF
Lot 0.81 ac (35,284 SF)
APN 08P-00-00-142.15
UPID US34-1197836
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
Current use
Occupant on record · Public records
  • Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jerald W Witten · 15 yrs held
Jerald W Witten
since 2010
1 recorded transaction
2010
$650,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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