Dollar General NNN – Dawson Springs, KY
410 Charleston Road, Dawson Springs, KY 42408, USA Map
New Built-to-Suit Absolute NNN Dollar General with Rent Increases in Five (5), 5-Year Options | Zero Competition in Over 5 Miles
Listing Price $1,481,048
| Status | Closed |
| Lease Type | Absolute Net |
| Property Type | Retail |
| CAP Rate | 5.25% |
| GLA (Sq. Ft.) | 9,100 |
| NOI | $77,756 |
| Lease Term Remaining | 13.27 Years |
| Increases | 10% in Options |
| Options | Five (5), 5-Year |
| State (BOR) | KY |
| Broker of Record | Colby Haugness |
| License # (BOR) | 242197 |
JESSE J. LIMON
First Vice President Investments
National Retail Group
Office (212) 430-5291
Jesse.Limon@marcusmillichap.com
License IN RB14048415,
NY 10401271892
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 Parking Spaces, Built in 2020
- New 15-Year Absolute Triple Net (NNN) 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)
- Kangaroo Express Gas Station and Convenience Store and Pleasant Union Baptist Church are Located Nearby | Zero Discount Retailer Competition in Over Five Miles of Subject
- Subject is a Just a Fifteen-Minute Drive (12 Miles) to Madisonville, Kentucky, the Seat of Hopkins County and the Commercial Seat of the Western Kentucky Coal Fields Region
- Major Industries in Hopkins County Include Retail Distributors, Aircraft Engine and Automotive Manufacturers, Mining, Health Care/Social Services, and Agriculture
