616 KY Highway 39 S - Freestanding FOR SALE


Crab Orchard, KY 40419
$1,478,900 USD
678-613-7327
616 KY Highway 39 S, Crab Orchard, KY for Sale
$1,478,900 USD
Freestanding - FOR SALE
1/4
null | 8.2% Cap Rate

616 KY Highway 39 S
Crab Orchard, KY 40419


HIGHLIGHTS

  • Recent Construction: ±10,500 SF Family Dollar store built in 2023 on a ±3.24-acre parcel at the corner of KY Hwy 39 & KY Hwy 2750 in Crab Orchard, KY.
  • Corporate Guaranteed Lease: Corporate guaranteed 10-year NN lease through September 30, 2033, with four 5-year renewal options.
  • Lease Structure: Landlord covers roof, structure, capital lot repairs, property taxes & insurance.
  • Strategic Location: Near U.S. Hwy 150 (±4,350 VPD), 14 miles from I-75; within 7 miles, population is 8,351 with average household income of $64,563.
  • Recession Resilient Tenant: Family Dollar is a proven discount retailer as demonstrated during the pandemic and in recessionary times.
  • Broker of Record: Justin Baker Kentucky License #204053

OVERVIEW

This ±10,500 SF, Family Dollar store, constructed in 2023, is in Crab Orchard, Kentucky. Crab Orchard, located in Lincoln County, KY, is geographically in the center of Kentucky, approximately 50 miles south of Lexington. Nearby Stanford is the county seat and commercial hub, just over 11 miles northwest of Crab Orchard. The ±3.24-acre parcel is situated at the corner of KY Highway 39, just north of the intersection of U.S. Hwy 150 (±4,350 VPD). Interstate 75 is approximately 14 miles southeast. The population within a 10-mile radius is 19,928 with an average household income of $72,473. From 2020 to 2030 the population growth is 2.71% within 7 miles. The most common area jobs include employment in education, healthcare, automotive manufacturing, farming, and agriculture. The 10-year NN lease runs through September of 2033 with four 5-year renewal options. Landlord responsibilities include roof, structure, capital repairs to parking lot and payment of property taxes, property insurance and liability insurance. Tenant responsibilities include all other maintenance, including HVAC, and full reimbursement of the Landlord’s property insurance premium and property taxes. The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms including over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Crab Orchard. They provide investors with a proven retail concept with a long-term track record. This property is priced at $1,478,900 or an 8.2% cap rate.

FOR SALE DETAILS

PRICE

$1,478,900 USD

PRICE/SF

$141 USD /SF

CAP RATE

8.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar NN Investment Property 8.2% Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

-

APN/PARCEL ID

089-04-11-003.01

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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