Details

NNN Dollar General in Morehead, KY

50 Sharkey Rd, Morehead, KY

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hIGHLIGHTS

Size:9,100 SF

Price:$1,220,772.00

CAP RATE:6.35%

NOI:$77,519.00

PROPERTY
OVERVIEw

DETAILS

• 9,100 SF building
• 1.89 Acre lot
• Building constructed in 2014
• Lease structure: NNN
• Lease expiration date: 9/30/2030
• Approx. 9.5 years of Lease remain
• Renewal options: Five, 5 Year Renewal Options

InCommercial Property Group is pleased to exclusively market for sale a modern Dollar General property located in Morehead, Kentucky at the hard corner of Sharkey Rd and Flemingsburg Rd. The 9,100 SF subject property is being offered for $1,220,772. Approximately 9.5 years of Lease remain at 6.35% Cap Rate and Five, 5 Year Renewal Options. Dollar General’s current lease runs through September 2030. The site has great visibilty and features FedEx OnSite. Dollar General is a credit tenant and is publicly traded on the New York Stock Exchange (Symbol: DG) with a market capitalization in excess of $39 billion. Dollar General operates more than 15,000 stores located in 45 states.

Location

Contact

Christopher Jana

Vice President, Brokerage

(312) 401-1873

cjana@incommercialre.com