720 Slate Ave, Owingsville, KY 40360
- Commercial real estate
- 2.12 lot acres
Current Use by Public Records
- FedEx OnSite / Postal Service / Courier Service
- DG Market / Grocery & Convenience Store / Food Market
- Western Union / Bank / Credit Union
Property Details for 720 Slate Ave
- Lot size
- 2.12 lot acres
- Property type
- Commercial real estate
- APN
- 043-00-00-037.05
- APU
- 43000003705
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 25, 2025 | — | Kentucky Lodging And Development Co | — | Deed · related | $20M · Whitaker Bank INC |
| Mar 24, 2023 | — | Kentucky Lodging And Development Co | — | Deed · related | $10M · Whitaker Bank INC |
| May 16, 2022 | $250,000 | Kentucky Loding And Development Co | Paula Miller Wyatt | Deed | — |
Description
This exceptional investment opportunity presents a fee-simple ownership of a 10,640-square-foot Dollar General Market in Owingsville, Kentucky. Built in 2022, this property boasts a strong 12.8 years remaining on a 15-year absolute NNN lease with a credit-rated tenant backed by a corporate guarantee. The lease features five, 5-year renewal options with a 10% rent increase. The property's strategic location on a main retail corridor ensures high visibility and accessibility, with daily traffic counts exceeding 7,500 vehicles. This prime location is further enhanced by its proximity to established national brands such as McDonald's, Taco Bell, Dairy Queen, and Subway. The Dollar General Market concept offers an expanded selection of grocery and produce items, catering to the local community's needs. The property generates a substantial net operating income (NOI) of $112,262, resulting in a compelling 7.00% cap rate. The asking price is $1,603,745, translating to $150.73 per square foot and $1,603,745 per unit. This property is part of a larger Kentucky portfolio. The one-building property sits on a one-acre lot. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant long-term potential.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Owingsville
- County
- Bath
- State
- Kentucky
- Longitude
- -83.7557
- Latitude
- 38.1343
- CBSA code
- 34460
- CBSA name
- MOUNT STERLING, KY MICROPOLITAN STATISTICAL AREA
