TBD Franklin Road - Freestanding FOR SALE


Franklin, KY 42134
$1,830,000 USD
678-808-2762
TBD Franklin Road, Franklin, KY for Sale
$1,830,000 USD
Freestanding - FOR SALE
1/3

TBD Franklin Road
Franklin, KY 42134


HIGHLIGHTS

  • 15-year corporate NNN lease with Dollar General includes 5% rent increases every five years, with rent starting in July 2025.
  • The tenant covers all expenses, and the property is located just off I-65, which sees over 52,000 vehicles per day.
  • Backed by investment-grade credit (S&P: BBB), Dollar General operates 21,000+ stores and plans to open 750 more in 2025.

OVERVIEW

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. • This store is currently under construction and rent is scheduled to commence in July 2025 • 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. • The subject property is located off I-65 at exit 6. • I-65 sees 52,337 VPD and is the interstate connecting Nashville, TN, and Louisville, KY. BOWLING GREEN MSA | 3RD MOST POPULOUS CITY IN THE STATE • 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. 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

$1,830,000 USD

CAP RATE

6.75%

% LEASED

-

TENANCY

-

STATUS

Under Construction

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

9-10-16_17

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.