715 Robert L Draper Way - Convenience Store FOR SALE


Greenville, KY 42345
$1,523,438 USD
248-419-3271
715 Robert L Draper Way, Greenville, KY for Sale
$1,523,438 USD
Convenience Store - FOR SALE
1/4
null | 8% Cap Rate

715 Robert L Draper Way
Greenville, KY 42345


HIGHLIGHTS

  • Brand New 10 Year Double Net (NN) Lease.
  • 12,500 SF Free Standing Building, Minimal Landlord Responsibilities.
  • Prime Site Location in Greenville KY Area, Seeing 12,436 Cars Per Day.
  • Surrounded by National Tenants & Residential.
  • New Roof in 2019
  • Concrete Lot & Solid Block Construction

OVERVIEW

Fortis Net Lease is pleased to present this 12,500 SF retrofit Dollar Tree store located in the thriving area of Greenville, KY. The property is secured with a ten (10) year double net lease, leaving minimal landlord responsibilities. The lease contains three (5) year options to renew, each with $0.50 PSF rent increase. The lease is corporately guaranteed by Dollar Tree Corporation which holds a credit rating of “BBB” which is classified as investment grade. This is ideal for retail investors seeking a turnkey property with a guaranteed return! This Store is highly visible as it is strategically positioned off of W Everly Brothers Blvd which is a high trafficked road seeing 12,436 cars per day by the site. The 10-mile population is 26,042 with a 3-mile average household income of $74,763. The site is on a main throughfare through town & surrounded by national tenants - making it easily accessible and well traveled. This investment will offer a new owner success due to the financial strength and the proven profitability of the tenant, one of the nation’s top dollar stores.

FOR SALE DETAILS

PRICE

$1,523,438 USD

PRICE/SF

$122 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Yr | CAM & HVAC on Tenant | Concrete Lot &

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,736 SF

ZONING

C-2

APN/PARCEL ID

108-04-05-006.001

ASK ABOUT THIS PROPERTY

Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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Kyle CarsonFortis Net LeaseMore Info
248-419-3271

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