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Discount

Family Dollar

9640 Millard Hwy, Pikeville, KY 41501

Listing Price: $1,230,700

Cap Rate
6.50%
Tenant Name
Family Dollar Stores of Kentucky Ltd
Years Remaining On Lease
5.1
Gross SF
8,330
Guarantor
Corporate Guarantee
Rentable SF
8,330
Price/Gross SF
$147.74
Lease Type
Double Net
Rent Per Square Feet
$9.60

Investment Overview

As one of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family, ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. Pikeville is a city in and the county seat of Pike County, Kentucky, with an estimated 2020 population of over 7,700 residents. The city has twice been recognized as one of the best small towns in America (“The 100 Best Small Towns in America” by Norm Crampton) and is a part of the Nationally Accredited Main Street Program. Pikeville is well known as for its rich cultural history as the site of the infamous Hatfield-McCoy Feud.

Investment Highlights

  • Corporate Guaranteed-Lease with 5 Years Remaining on Lease Term
  • 10 Percent Rental Increases in Each 5-Year Option Period
  • Nearly 29,000 Residents within a 10-Mile Radius - Serving Pikeville and the Surrounding Pike County Area
  • Easily Accessible Location Along Millard Highway (US Hwy 460) with Direct Access to Downtown Pikeville and the Kentucky / Virginia State Line
  • Limited Competition - Subject Property is the Only Discount/Dollar Store Located within a 7-Mile Radius
  • Within 10 Miles of Major National Retailers - Food City, Goodwill, Save A Lot, Taco Bell, Harley-Davidson, Dairy Queen, and More
  • Less Than a 20-Minute Drive to Downtown Pikeville - Home to University of Pikeville, Pikeville Medical Center, Appalachian Wireless Arena, and Other Retail & Dining

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Discount

Family Dollar

Listing Price: $1,230,700

Cap Rate
6.50%
Tenant Name
Family Dollar Stores of Kentucky Ltd
Years Remaining On Lease
5.1
Gross SF
8,330
Guarantor
Corporate Guarantee
Rentable SF
8,330
Price/Gross SF
$147.74
Lease Type
Double Net
Rent Per Square Feet
$9.60

Investment Highlights

  • Corporate Guaranteed-Lease with 5 Years Remaining on Lease Term
  • 10 Percent Rental Increases in Each 5-Year Option Period
  • Nearly 29,000 Residents within a 10-Mile Radius - Serving Pikeville and the Surrounding Pike County Area
  • Easily Accessible Location Along Millard Highway (US Hwy 460) with Direct Access to Downtown Pikeville and the Kentucky / Virginia State Line
  • Limited Competition - Subject Property is the Only Discount/Dollar Store Located within a 7-Mile Radius
  • Within 10 Miles of Major National Retailers - Food City, Goodwill, Save A Lot, Taco Bell, Harley-Davidson, Dairy Queen, and More
  • Less Than a 20-Minute Drive to Downtown Pikeville - Home to University of Pikeville, Pikeville Medical Center, Appalachian Wireless Arena, and Other Retail & Dining

Investment Overview

As one of the nation’s fastest growing retailers, Family Dollar offers a compelling assortment of merchandise for the whole family, ranging from household cleaners to name brand foods, from health and beauty aids to toys, from apparel for every age to home fashions, all for everyday low prices. Pikeville is a city in and the county seat of Pike County, Kentucky, with an estimated 2020 population of over 7,700 residents. The city has twice been recognized as one of the best small towns in America (“The 100 Best Small Towns in America” by Norm Crampton) and is a part of the Nationally Accredited Main Street Program. Pikeville is well known as for its rich cultural history as the site of the infamous Hatfield-McCoy Feud.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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