Discount

Dollar General & The Miller House

320 E 4th St, Owensboro, KY 42303

Listing Price: $681,000

Cap Rate
9.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
12,966
Lease Type
Double Net
Rent Per Square Feet
$4.74

Investment Overview

Marcus & Millichap is pleased to exclusively offer Dollar General & The Miller House (Storage) located in Owensboro, Kentucky. Owensboro is located in middle Kentucky approximately 30 miles south of Evansville, Indiana and is the county seat for Daviess County. This offering is a well-established Dollar General paired a MTM storage fee for a long-standing restaurant next door. The building has had several capital improvements done over the last few years including a roof replacement, parking lot seal & stripe and capital HVAC improvements. The property is located less than one-mile from the new Owensboro Convention Center and surrounding new developments.

Investment Highlights

  • Well-established Dollar General property with tenancy since 2003
  • No Options remaining and below market rent in a growing downtown market
  • Additional Rent from renting out storage space and possibility of converting into retail space

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Discount

Dollar General & The Miller House

Listing Price: $681,000

Cap Rate
9.00%
Tenant Name
Dollar General
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
12,966
Lease Type
Double Net
Rent Per Square Feet
$4.74

Investment Highlights

  • Well-established Dollar General property with tenancy since 2003
  • No Options remaining and below market rent in a growing downtown market
  • Additional Rent from renting out storage space and possibility of converting into retail space

Investment Overview

Marcus & Millichap is pleased to exclusively offer Dollar General & The Miller House (Storage) located in Owensboro, Kentucky. Owensboro is located in middle Kentucky approximately 30 miles south of Evansville, Indiana and is the county seat for Daviess County. This offering is a well-established Dollar General paired a MTM storage fee for a long-standing restaurant next door. The building has had several capital improvements done over the last few years including a roof replacement, parking lot seal & stripe and capital HVAC improvements. The property is located less than one-mile from the new Owensboro Convention Center and surrounding new developments.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

MM Texture Background
MM Textured Background Lower