715 Robert L Draper Way - Convenience Store FOR SALE


Greenville, KY 42345
$1,625,000 USD
248-419-3271
715 Robert L Draper Way, Greenville, KY for Sale
$1,625,000 USD
Convenience Store - FOR SALE
1/4
null | 7.5% 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.

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

$1,625,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

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 Policy.