828 N Dixie St - Freestanding FOR SALE


Horse Cave, KY 42749
$1,918,000 USD
678-808-2762
828 N Dixie St, Horse Cave, KY for Sale
$1,918,000 USD
Freestanding - FOR SALE
1/3
null | 6.75% Cap Rate

828 N Dixie St
Horse Cave, KY 42749


OVERVIEW

NEW UPGRADED CONSTRUCTION DOLLAR GENERAL MARKET • 10,640 SF upgraded construction Dollar General Market located Horse Cave, KY. • DG Market is a combo store with fresh produce, milk, meats, and other groceries added to Dollar General’s usual mix of low-price general merchandise. • The subject property is open, and rent commenced in March 2025. 15 YEAR CORPORATE NNN LEASE WITH INCREASES IN INITIAL TERM AND OPTIONS • This property features a 15-year corporate-guaranteed NNN lease with Dollar General, with 5% rent increases every five years. • The tenant is 100% responsible for all expenses, including parking lot, taxes, insurance, roof, and structure. • There are 5% rent increases in each of the five 5-year option periods. NEAR BOWLING GREEN | 3RD MOST POPULOUS CITY IN KY • Bowling Green is the third largest municipality in the state of Kentucky and the fourth largest metropolitan area with a population of 179,639. • The Bowling Green MSA is known as a central manufacturing hub for the Southeast. • General Motors Bowling Green Assembly Plant – This facility has exclusively produced the Chevrolet Corvette since 1981. Spanning 1.7 million square feet on 212 acres, it employs approximately 1,100 people. • Bowling Green is home to Western Kentucky University, the third-largest university in Kentucky, with an enrollment of 16,291 students. • Houchens Industries, Fruit of the Loom, Clark Beverage Group, and more are headquartered in Bowling Green, KY. NEAR MANUFACTURING PLANT WITH 1,650+ EMPLOYEES • This Dollar General is located less than 2 miles from Dart Container Corporation, which is the leading employer, employing over 1,650 Employees. • Dart Container Corporation is the world’s largest manufacturer of foam cups and containers. INVESTMENT GRADE TENANT (S&P: BBB) • Dollar General is a publicly traded (NYSE: DG) Fortune 500 company with an S&P investment grade credit rating of BBB. • Currently over 21,000 locations and plans to open 750 stores in 2025. • Dollar General has been in business for 80 years and has a current net worth of over $18.6 billion.

FOR SALE DETAILS

PRICE

$1,918,000 USD

PRICE/SF

$180 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Bowling Green MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Don McMinnMarcus & MillichapMore Info
678-808-2762

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Don McMinnMarcus & MillichapMore Info
678-808-2762

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