745 Main St, Brodhead, KY 40409-9028
- Commercial real estate
- 2.38 lot acres
Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 745 Main St
- Lot size
- 2.38 lot acres
- Property type
- Commercial real estate
- APN
- 013-00-053.02
- APU
- 130005302
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 11, 2019 | — | Delta T Properties LLC | Delta T Properties LLC | Correction Deed · related | $695k · Southpoint Bank |
| Dec 28, 2018 | — | Diane Masters | Cynthia Plummer | Intrafamily Transfer · related | — |
Description
This exceptional investment opportunity presents a single-tenant, net-leased retail property in Brodhead, Kentucky. The property features a 9,600 square foot building housing a unique Dollar Tree and Family Dollar combination store, a first-of-its-kind location. Built in 2020, the property boasts a strong 10-year initial lease (commencing January 23, 2020, and expiring January 23, 2030), with six additional five-year renewal options, ensuring long-term income stability. The current lease provides a substantial annual net operating income (NOI) of $77,815, translating to a compelling 9% capitalization rate. The asking price is $864,612, resulting in a price per square foot of $90.06. The property enjoys 100% occupancy and is situated at 745 S Main St, Brodhead, KY 40409. This is a rare chance to acquire a high-performing, established retail asset with a proven tenant in a stable market. The property's strong financial performance, long-term lease, and unique tenant combination make it an attractive investment for discerning buyers seeking secure, passive income. The building is a single-story structure, and the lease is a triple-net (NN+) agreement.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Brodhead
- County
- Rockcastle
- State
- Kentucky
- Longitude
- -84.4195
- Latitude
- 37.393
- CBSA code
- 40080
- CBSA name
- RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA
