720 Slate Ave Owingsville, KY 40360
Property profile & analytics
720 Slate Ave Owingsville, KY 40360
- Commercial real estate
- 2.12 lot acres
Property ID
US34-0093888
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
- 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
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
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
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
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
$23,998
$0.00
$0.00
$2,072,390
-
$0.00
$0.00
$2,072,390
