63 Depot Ave Eminence, KY 40019

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.