1548 S US Highway 421 - Retail FOR SALE
Harlan, KY 40831 |
$995,000 USD
1548 S US Highway 421
Harlan, KY 40831
HIGHLIGHTS
- Relocation from In-Line Store within the Market | 2017 Complete Renovation to H2 Model | New Roof Installed in 2020 With 20 Year Warranty
- Larger Format Including Dollar Tree Branded Products | 2+ Years Remaining on Original 10 Year Double Net Lease | Minimal Landlord Responsibilities
- Four, Five-Year Options with Rental Increases in Each | Potential for Long Term Passive Income
- Strong Guarantee | Lease is Backed by Family Dollar / Dollar Tree Corporation
- County Seat Location | 26,300+ Residents in Harlan County | Demographics are a Strong Match for Family Dollar’s Core Customer Base
- Located on Main Corridor of US 421 with Over 17,500 VPD | 85% of the Population Within 10-Miles Drives by the Subject Property Along US 421
FOR SALE DETAILS
PRICE
$995,000 USD
PRICE/SF
$79 USD /SF
CAP RATE
7.95%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Family Dollar (Relocation Store)
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
61
LAND DETAILS
LAND ACRES
1.8 AC
LAND SF
78,408 SF
ZONING
-
APN/PARCEL ID
069-40-00-226.00
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