5645 Main StClay City, KY 40312

For Sale
$799,945

Kentucky Retail Property - Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a fee-simple ownership of a 9,180 square foot Family Dollar store located at 5645 Main St, Clay City, KY 40312. The property sits on a 1.45-acre lot and boasts a strong 9% cap rate, generating a net operating income (NOI) of $71,994. Built in 2007, this single-tenant retail building benefits from a corporate-guaranteed, net-lease agreement with approximately 2.6 years remaining on the current 20-year lease term, expiring June 29, 2027. The property enjoys 100% occupancy and a price per square foot of $87.14, with an asking price of $799,945. The store benefits from high visibility on a main thoroughfare with significant daily vehicle traffic, serving a population of over 9,000 residents within a 5-mile radius and limited local retail competition. This location offers a compelling investment opportunity due to its strong tenant, favorable lease terms, and attractive financial metrics. The property's strategic location, approximately 42 miles from Lexington, KY, further enhances its long-term potential. This is a rare chance to acquire a well-performing, net-leased retail property in a stable market.

Highlights

  • Family Dollar Store, 3+ years remaining lease term.
  • Net lease; minimal landlord responsibilities.
  • Corporate guaranteed lease.
  • Strong demographics: 9,000+ residents within 5 miles.
  • Limited retail competition; serves immediate area needs.
  • High visibility; 7,000+ vehicles per day (VPD) on main thoroughfare.

Property Details for 5645 Main St

Property type
Other specialty properties, Other retail properties
Square Feet
9,180 SF
Year Built
2007
Buildings
1
Lot Size (sq. ft)
63,162 SF
Units
1

Location Insight

City
Clay City
County
Powell
State
Kentucky
Latitude
37.865527595561
Longitude
-83.939352334794
5645 Main St, Clay City, Kentucky

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5645 Main St
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