705 Main St, Crab Orchard, KY 40419-6520

Property Details for 705 Main St

Lot size

56.51 lot acres

Property type

Commercial real estate

APN

089-04-13-002.00

APU

89041300200

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,500 square foot retail property in Crab Orchard, Kentucky. The property is currently 100% occupied by a Dollar General, Dollar Tree, and Family Dollar hybrid store under a 10-year net lease (NN+) agreement commencing October 1, 2023, and expiring October 1, 2033. The lease includes four 5-year renewal options, each with a 10% rent increase. The tenant, Dollar Tree Corporation, holds an investment-grade credit rating, ensuring financial stability. Located at 705 Main St, Crab Orchard, KY 40419, this strategically positioned corner lot (1-1.5 acres) benefits from high visibility at a major intersection. The property boasts a strong location with a five-mile population of 3,489 and a three-mile average household income of $49,665, exceeding typical demographics for dollar stores. The asking price of $1,638,851 reflects a compelling 7.40% capitalization rate based on a net operating income (NOI) of $121,275. This property offers a secure, high-yield investment with significant upside potential due to the tenant's financial strength and the proven profitability of the location. The property features multiple points of ingress and egress, enhancing accessibility and convenience. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with a long-term lease and a strong tenant.

Location Insight

City

Crab Orchard

County

Lincoln

State

Kentucky

Longitude

-84.4978

Latitude

37.4553

CBSA code

19220

CBSA name

DANVILLE, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments