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Dollar General Abs NNN Lease w/ 13+ Years

410 Charleston Rd, Dawson Springs, KY 42408

Listing Price: $1,481,048

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
13.1
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$162.75
Lease Type
Absolute Net
Rent Per Square Feet
$8.54

Investment Overview

Marcus & Millichap is pleased to offer for sale this brand-new Dollar General store located at 410 Charleston Rd, Dawson Springs, Kentucky 42408 and (the “Property”). Rent commenced on February 27, 2020 and is subject to a 15-year lease expiring February 2035. The current annual rent is $77,756 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. The property comprises a +/- 9,100 SF building on a 3.43-acre parcel, that is strategically positioned for high visibility and low competition, strategically positioned for high visibility and traffic, subject is located along main thoroughfare Charleston Road/Kentucky Route 109 (3,696 VPD), and only five miles off of Western Kentucky Parkway/I-69 Junction (10,890 VPD) at Exit 92 (Source: KYDOT, CoStar 2020). Area retailers include kangaroo express gas station and convenience store and pleasant union Baptist Church are located nearby with zero discount retailer competition in over five miles.

Investment Highlights

  • Subject Asset is a Newly Constructed Build-to-Suit, Single- Tenant Freestanding Building with a Total Gross Leasable Area of 9,100 Square-Feet on a 2.86-Acre Lot | Includes Pylon Signage and 30 Parkin
  • New 15-Year Absolute Triple Net Lease with Corporate Guarantee Includes Five, Five-Year Options
  • 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
  • Subject Offers High Convenience in a Market with Little Competition Along Highway Route, Only Three Miles from the Heart of Charleston, Kentucky
  • Strategically Positioned for High Visibility and Traffic, Subject is Located Along Main Thoroughfare Charleston Road/Kentucky Route 109 (3,696 VPD), and Only Five Miles off of Western Kentucky Parkway/I-69 Junction (10,890 VPD) at Exit 92 (Source: KYDOT, CoStar 2020)
  • Major Industries in Hopkins County Include Retail Distributors, Aircraft Engine and Automotive Manufacturers, Mining, Health Care/Social Services, and Agriculture

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

Dollar General Abs NNN Lease w/ 13+ Years

Listing Price: $1,481,048

Cap Rate
5.25%
Tenant Name
Dollar General
Years Remaining On Lease
13.1
Gross SF
9,100
Guarantor
Corporate Guarantee
Rentable SF
9,100
Price/Gross SF
$162.75
Lease Type
Absolute Net
Rent Per Square Feet
$8.54

Investment Highlights

  • Subject Asset is a Newly Constructed Build-to-Suit, Single- Tenant Freestanding Building with a Total Gross Leasable Area of 9,100 Square-Feet on a 2.86-Acre Lot | Includes Pylon Signage and 30 Parkin
  • New 15-Year Absolute Triple Net Lease with Corporate Guarantee Includes Five, Five-Year Options
  • 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
  • Subject Offers High Convenience in a Market with Little Competition Along Highway Route, Only Three Miles from the Heart of Charleston, Kentucky
  • Strategically Positioned for High Visibility and Traffic, Subject is Located Along Main Thoroughfare Charleston Road/Kentucky Route 109 (3,696 VPD), and Only Five Miles off of Western Kentucky Parkway/I-69 Junction (10,890 VPD) at Exit 92 (Source: KYDOT, CoStar 2020)
  • Major Industries in Hopkins County Include Retail Distributors, Aircraft Engine and Automotive Manufacturers, Mining, Health Care/Social Services, and Agriculture

Investment Overview

Marcus & Millichap is pleased to offer for sale this brand-new Dollar General store located at 410 Charleston Rd, Dawson Springs, Kentucky 42408 and (the “Property”). Rent commenced on February 27, 2020 and is subject to a 15-year lease expiring February 2035. The current annual rent is $77,756 and is scheduled to increase 10% in each of the five, five-year tenant renewal option periods. The property comprises a +/- 9,100 SF building on a 3.43-acre parcel, that is strategically positioned for high visibility and low competition, strategically positioned for high visibility and traffic, subject is located along main thoroughfare Charleston Road/Kentucky Route 109 (3,696 VPD), and only five miles off of Western Kentucky Parkway/I-69 Junction (10,890 VPD) at Exit 92 (Source: KYDOT, CoStar 2020). Area retailers include kangaroo express gas station and convenience store and pleasant union Baptist Church are located nearby with zero discount retailer competition in over five miles.

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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