Details

Dollar General in Dixon, KY

590 US Hwy 41 Alt S, Dixon, KY

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hIGHLIGHTS

Size:9,014 SF

Price:$843,606.00

CAP RATE:7.10%

NOI:$59,896.00

PROPERTY
OVERVIEw

DETAILS

• 9,014 SF building
• Lot Size: 1.03 acres
• Year Built: 2006
• Lease Structure: NN
• Lease Expiration Date: 6/30/2022
• Corporate Guarantee: Dollar General Corporation
• Renewal Options: Five (5) periods of five (5) years each:
Option Period 1: $4,620/month
Option Period 2: $5,082/month
Option Period 3: $5,590.20/month
Option Period 4: $6,149.22/month
Option Period 5: $6,764.14/month

InCommercial Property Group is pleased to offer the opportunity to acquire this Dollar General Property in Dixon, KY. The property is well-located on Hwy 41, and high traffic suggests excellent lease renewal potential. This property is priced at $826,152 with a cap rate of 7.25% with strong potential for renewal rent increases. 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