224 S Main St - Drug Store FOR SALE


Franklin, KY 42134
$1,778,000 USD
214-226-5584
224 S Main St, Franklin, KY for Sale
$1,778,000 USD
Drug Store - FOR SALE
1/6
null | 6.75% Cap Rate

224 S Main St
Franklin, KY 42134


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend | Low Rent PSF
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard-Corner Intersection (19,100 VPD) | Retail Corridor | Strong National/Credit Tenant Presence

OVERVIEW

• The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10-year lease, with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features flat rent during the initial term and variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation • The tenant is paying rent of approximately $10 PSF

FOR SALE DETAILS

PRICE

$1,778,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree | New 10yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

Commercial

APN/PARCEL ID

013-00-26-007.00

ASK ABOUT THIS PROPERTY

Grayson JonesSRS Real Estate PartnersMore Info
214-226-5584

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Grayson JonesSRS Real Estate PartnersMore Info
214-226-5584

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