Skip to main content

Discount

Dollar General

748 Fairview Ave, Eddyville, KY 42038

Listing Price: $399,529

Cap Rate
8.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.6
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$49.94
Lease Type
Double Net
Rent Per Square Feet
$4.58

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 748 Fairview Avenue in Eddyville, Kentucky. This investment is being offered at $383,529 which represents an eight and a half percent capitalization rate. The Dollar General consists of 8,000 rentable square feet and completed construction in 1998. There is currently just under three years remaining on the double net lease agreement with zero options remaining; this allows tremendous upside with an extension from Dollar General. The landlord is partially reimbursed for insurance by Dollar General at fifteen cents per square foot and is partially reimbursed for taxes at twenty-five cents per square foot. Dollar General also pays ten cents per square foot in common area maintenance. Eddyville, Kentucky is located in Lyon County which is approximately 35 miles east of Paducah, Kentucky and is the county seat of Lyon County, Kentucky. This property is located on a 0.46-acre corner lot parcel at the corner of Fairview Avenue and Trade Avenue, along with being located directly off of Highway 62 which sees over 9,000 vehicles daily. This site also boasts a 5-mile population of over 5,400 residents and is expected to experience slight growth over the next half-decade.

Investment Highlights

  • NN Lease With 2.75 Years Remaining
  • Corporate Guaranteed Lease Agreement
  • BBB Credited Tenant
  • Site Sees Over 9,000 Vehicles Pass By The Property Daily
  • Over 5,400 Residents Within A 5-Mile Radius
  • Located Along Eddyville, Kentucky's Main Thoroughfare

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Discount

Dollar General

Listing Price: $399,529

Cap Rate
8.50%
Tenant Name
Dollar General
Years Remaining On Lease
2.6
Gross SF
8,000
Guarantor
Corporate Guarantee
Rentable SF
8,000
Price/Gross SF
$49.94
Lease Type
Double Net
Rent Per Square Feet
$4.58

Investment Highlights

  • NN Lease With 2.75 Years Remaining
  • Corporate Guaranteed Lease Agreement
  • BBB Credited Tenant
  • Site Sees Over 9,000 Vehicles Pass By The Property Daily
  • Over 5,400 Residents Within A 5-Mile Radius
  • Located Along Eddyville, Kentucky's Main Thoroughfare

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Dollar General located at 748 Fairview Avenue in Eddyville, Kentucky. This investment is being offered at $383,529 which represents an eight and a half percent capitalization rate. The Dollar General consists of 8,000 rentable square feet and completed construction in 1998. There is currently just under three years remaining on the double net lease agreement with zero options remaining; this allows tremendous upside with an extension from Dollar General. The landlord is partially reimbursed for insurance by Dollar General at fifteen cents per square foot and is partially reimbursed for taxes at twenty-five cents per square foot. Dollar General also pays ten cents per square foot in common area maintenance. Eddyville, Kentucky is located in Lyon County which is approximately 35 miles east of Paducah, Kentucky and is the county seat of Lyon County, Kentucky. This property is located on a 0.46-acre corner lot parcel at the corner of Fairview Avenue and Trade Avenue, along with being located directly off of Highway 62 which sees over 9,000 vehicles daily. This site also boasts a 5-mile population of over 5,400 residents and is expected to experience slight growth over the next half-decade.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

MM Texture Background
MM Textured Background Lower