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LIMITED COMPETITION DOLLAR GENERAL

7627 US HWY-62, Rosine, KY 42370

Listing Price: $1,482,514

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
13.1
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$8.62

Investment Overview

Marcus & Millichap is pleased to offer for sale this brand-new Dollar General store located at 7627 US Highway 62, Rosine, Kentucky 42370 and (the “Property”). Regan began February 2020 and is subject to a 15-year lease expiring February 2035. The current annual rent is $77,836 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. The property comprises a +/- 9,026 SF building on a 1.38-acre parcel, that is strategically positioned for high visibility and low competition, subject is located along state US Highway 6262 (2,507 VPD), Five Miles from the Interstate I-165 Junction (14,401 VPD) at Exit 92 (Source: Landvision, 2020). Area Retailers Include USPS, Beef O’ Brady, Pizza Kings, Matias Pizza & Wings, Dollar General, Bluegrass Veterinary Services, Cafe at the Dam, Uncrafter Territory Brewing Company, Walmart Supercenter, Taco Bell, KFC, Pizza Hut, and Valero Gas Station

Investment Highlights

  • Subject Asset is a Newly Constructed Build-to-Suit, Single-Tenant Freestanding Building with a Total Gross Leasable Area of 9,026 Square-Feet on a 2.41-Acre Lot | Includes Pylon Signage and 30 Parkin
  • New 15-Year Absolute Triple Net (NNN) Lease with a Corporate Guarantee that Includes Five, Five-Year Option Periods
  • Ten-Percent Increases in Options Provides Investors with Long Term Passive Income from a Credit Worthy Tenant Investment Grade Tenant
  • Dollar General is the Country's Largest Small Box Discount Retailer with Over 17,000 Stores and a Credit Rating of BBB by Standard & Poor's
  • Strategically Positioned for High Visibility and Traffic, Subject is Located Along Main Thoroughfare US Highway 62 (2,507 VPD), Five Miles from the Interstate I-165 Junction (14,401 VPD) at Exit 92 (Source: Landvision, 2020)
  • Nearby City of Beaver Dam is Seeing Growth, Currently the Home of Six Manufacturing Plants, Two Progressive Shopping Centers, Dozens of New Homes and Recently Updated Downtown Shops
  • Louisville, Kentucky is 185 Miles North of the Subject | Nashville, Tennessee is 108 Miles South | Cincinnati, Ohio is 200 Miles Northeast | The Indiana/Kentucky State Line is 35 Miles North | The Town of Beaver Dam is a 15-Minute Drive (10 Miles) West of the Subject

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Discount

LIMITED COMPETITION DOLLAR GENERAL

Listing Price: $1,482,514

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
13.1
Guarantor
Corporate Guarantee
Rentable SF
9,026
Lease Type
Absolute Net
Rent Per Square Feet
$8.62

Investment Highlights

  • Subject Asset is a Newly Constructed Build-to-Suit, Single-Tenant Freestanding Building with a Total Gross Leasable Area of 9,026 Square-Feet on a 2.41-Acre Lot | Includes Pylon Signage and 30 Parkin
  • New 15-Year Absolute Triple Net (NNN) Lease with a Corporate Guarantee that Includes Five, Five-Year Option Periods
  • Ten-Percent Increases in Options Provides Investors with Long Term Passive Income from a Credit Worthy Tenant Investment Grade Tenant
  • Dollar General is the Country's Largest Small Box Discount Retailer with Over 17,000 Stores and a Credit Rating of BBB by Standard & Poor's
  • Strategically Positioned for High Visibility and Traffic, Subject is Located Along Main Thoroughfare US Highway 62 (2,507 VPD), Five Miles from the Interstate I-165 Junction (14,401 VPD) at Exit 92 (Source: Landvision, 2020)
  • Nearby City of Beaver Dam is Seeing Growth, Currently the Home of Six Manufacturing Plants, Two Progressive Shopping Centers, Dozens of New Homes and Recently Updated Downtown Shops
  • Louisville, Kentucky is 185 Miles North of the Subject | Nashville, Tennessee is 108 Miles South | Cincinnati, Ohio is 200 Miles Northeast | The Indiana/Kentucky State Line is 35 Miles North | The Town of Beaver Dam is a 15-Minute Drive (10 Miles) West of the Subject

Investment Overview

Marcus & Millichap is pleased to offer for sale this brand-new Dollar General store located at 7627 US Highway 62, Rosine, Kentucky 42370 and (the “Property”). Regan began February 2020 and is subject to a 15-year lease expiring February 2035. The current annual rent is $77,836 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. The property comprises a +/- 9,026 SF building on a 1.38-acre parcel, that is strategically positioned for high visibility and low competition, subject is located along state US Highway 6262 (2,507 VPD), Five Miles from the Interstate I-165 Junction (14,401 VPD) at Exit 92 (Source: Landvision, 2020). Area Retailers Include USPS, Beef O’ Brady, Pizza Kings, Matias Pizza & Wings, Dollar General, Bluegrass Veterinary Services, Cafe at the Dam, Uncrafter Territory Brewing Company, Walmart Supercenter, Taco Bell, KFC, Pizza Hut, and Valero Gas Station

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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