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Limited Competition Dollar General – Rosine, KY

7627 U.S. Highway 62, Rosine, Kentucky 42370, USA Map
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Build-to-Suit Absolute NNN Dollar General with Rent Increases in Five, 5-Year Options | Limited Competition within Ten Miles

Listing Price $1,454,879

Status Closed
Lease Type Absolute Net
Property Type Retail
CAP Rate 5.35%
GLA (Sq. Ft.) 9,026
NOI $77,836
Lease Term Remaining 13 Years
Increases 10% in Options
Options Five (5), 5-Year
State (BOR) KY
Broker of Record Colby Haugness
License # (BOR) 242197
Close Date Mar 28, 2022

JESSE J. LIMON
First Vice President Investments
National Retail Group
Direct (212) 430-5291
Jesse.Limon@marcusmillichap.com
License IN RB14048415,
NY 10401271892

Investment Highlights

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  • 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 Parking Spaces, Built in 2020
  • 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)
  • 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
  • The Beaver Dam Amphitheater is a World-Class Concert Venue that Attracts Top Performers from Around the World
  • 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
  • Ohio County is a Growing Tourist Destination, Both for its Bluegrass Roots and Natural Beauty | Historical Landmark Bill Monroe Homeplace and Museum, the “Homeplace of Bluegrass Music” is Located Less Than Two Miles from Subject
  • Tourists and Residents are Attracted to the County’s Public Hunting and Fishing Lands, Navigable Waterways, ATV Riding Opportunities, Flight Lessons for Those Interested in Aviation, Many Bike Paths, and Golfing
  • Ohio County’s Central Location Gives Access to a Population of Nearly 400,000+ People and Nearly 200,000 Workers Between Two Major Intersecting Highways, Plus Available Rail Infrastructure that Allows for an Easy Commute Between Owensboro and Bowling Green
  • Kentucky is Within a Day’s Drive of 65% of the U.S. Population, is the Only State with Three International Air Shipping Hubs (DHL, UPS & Amazon) and Features Some of the Lowest Tax Rates in the Region

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

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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

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