63 Depot Ave Eminence, KY
Property Lookup
Property profile & analytics
63 Depot Ave Eminence, KY
- Outlet malls
- 9,100 SF
- 0.46 lot acres
Property ID
US34-1591129
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 63 Depot Ave
- Year built
- 2007
- Lot size
- 0.46 lot acres
- Property size
- 9,100 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 030-30-02-002.00
- APU
- 30300200200
Description
This exceptional investment opportunity presents a 9,100 square foot Family Dollar storefront located at 63 Depot Ave, Eminence, KY 40019. The property sits on a 0.45-acre lot and boasts a strong 9.51% cap rate, generating a net operating income (NOI) of $73,700. Built in 2007, this single-tenant property benefits from a Net Net (NN) lease structure with minimal landlord responsibilities, placing the burden of most property expenses on the tenant. Family Dollar, a credit-rated tenant (BBB with S&P and baa2 with Moody's), holds a lease with a remaining term of approximately 2.6 years, expiring June 30, 2027, and includes two 5-year renewal options. Rent increases by 10% every five years. The property enjoys a prime location with high visibility, experiencing over 7,000 vehicles daily on S Main St and over 4,000 on E Broadway. The surrounding area shows positive population growth, with over 2,000 residents within a 1-mile radius and over 3,500 within 3 miles. The asking price is $775,000, translating to $85.16 per square foot. The lease includes a tenant option to terminate with 180 days' notice, commencing July 1, 2023. This property offers a compelling combination of strong tenant, favorable lease terms, and a high-yield return, making it an attractive addition to any investment portfolio. 100% occupancy ensures immediate cash flow.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $845,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Eminence
- County
- Henry
- State
- Kentucky
- Longitude
- -85.1813
- Latitude
- 38.3703
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,733
$0.00
$0.00
$775,000
-
$0.00
$0.00
$775,000
