6028 Us Hwy 51st S, Arlington, KY 42021-9005
This exceptional investment opportunity presents a 9,026-square-foot Dollar General convenience store located at 6028 US Highway 51, Arlington, KY 42021. The property boasts a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The current lease, with a corporate guarantee from Dollar General, commenced July 17, 2019, and extends until July 31, 2034, leaving approximately 9.7 years remaining. Five five-year lease options are included, each with a 10% rent increase. The property, built in 1956, sits on a commercially zoned lot and features a single-story building. The asking price is $1,152,184, translating to a price per square foot of $127.65 and a compelling 6.50% cap rate based on a net operating income (NOI) of $74,892. The property is currently 100% occupied, offering immediate cash flow and a secure investment. This presents an ideal opportunity for 1031 exchange investors seeking a low-maintenance, high-return retail asset with a strong national tenant. The property's location in Arlington, Kentucky, provides excellent visibility and access.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.