148 Main St - Retail FOR SALE


Lewisburg, KY 42256
$1,400,148 USD
812-320-8483
148 Main St, Lewisburg, KY for Sale
$1,400,148 USD
Retail - FOR SALE
1/3
null | 7% Cap Rate

148 Main St
Lewisburg, KY 42256


HIGHLIGHTS

  • Larger Relocation Site - Dollar General Moved from Previous Site, Expanded Footprint, and Converted to DG Market Format
  • Minimal Competition: Nearest Dollar General is 8 Miles | Nearest DG Market is 11 Miles | Nearest Walmart is 11 Miles
  • Bedroom Community to Nashville, TN (65 Miles - 2.1M Residents) and Russellville, KY (11 Miles)

OVERVIEW

Relocation Site and Oversized Footprint - To Meet Consumer Demand, DG Relocated the Store in 2022 to the Subject Property Site and Expanded to a DG Market Consisting of 12,668 Square Feet    2022 Built-to-Suit Construction | Site Offers a Concrete Parking Lot & Brick Front Facade | Steel Roof    Investment Grade and Recession Resistant Tenant - Dollar General has a BBB Credit Rating (S&P) With Over 20,500 Locations Across the US | 2024 Revenues Were $40.6 Billion | Dollar General is Ranked #112 on Fortune 500 List    Long Term Lease With Zero Landlord Responsibilities - The Lease With 11+ Years Remaining is Absolute NNN Which Offers a True Passive Ownership for an Investor    Minimal Competition: Eight Miles to Nearest Dollar General | 11 Miles to the Nearest DG Market | 11 Miles from the Nearest Walmart   Hard Corner Location: Excellent Visibility and Access from N Main Street and E Green Street   Adjacent to Lewisburg Elementary School (500+ Students), Lewisburg Banking Co., U-Haul, Grower Drug Store, NAPA Auto, USPS, Lewisburg Fire Dept., El Nopal Restaurant, Marathon Gas, and Four Miles from Logan Aluminum With 1,500+ Employees (Largest Employer in the Region)   Ideal Demographics - Dollar General's Business Model is Centered on Serving Low-Income and Underserved Communities | The Founders of Dollar General Lived in Small-Town Kentucky and Started the Company There In 1955, Making the Store’s Rural Locations a Natural Fit   Dollar General Market is a Concept by Dollar General to Bring Full Grocery Departments to Discount Retail in Smaller Towns   Bedroom Community To Russellville, KY and Nashville, TN | 11 Miles from Russellville | 65 Miles from Nashville (2.1 Million Residents)

FOR SALE DETAILS

PRICE

$1,400,148 USD

PRICE/SF

$111 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market | Absolute NNN Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C-1

APN/PARCEL ID

034-01-01-002-01,034-01-01-002-03,034-01-16-014-00

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.