Dollar General NNN Property For Sale — Brodhead, KY
3597 Old Somerset Pike, Brodhead, KY 40409
An exceptional opportunity to acquire a Dollar General property featuring an absolute NNN lease, ensuring zero landlord responsibilities. The tenant, Dollar General, holds an investment-grade credit rating of "BBB." The lease boasts over 10.5 years remaining on its current term, providing stable, long-term income. This location benefits from a lack of direct competition, as Dollar General is the sole corporate tenant in the immediate vicinity. As a recession-resistant business, Dollar General has consistently demonstrated profitability during economic downturns, underscored by its Silver Globe Business Excellence Award for its COVID-19 pandemic response. Strategically located on Old Somerset Pike, the property sees an estimated 1,950 vehicles per day and serves a population of 5,370 withi…
- Address: 3597 Old Somerset Pike, Brodhead, KY 40409
- Asking price $1.15M
- 7.15% cap rate
- NOI $82,172
- 8.6 years remaining
- NNN lease
- Year built: 2020
- Building size: 9,026 SF
- Lease expiration: Mar 31, 2035
- Rent increases: 10% increase effective 4/1/2035; 10% increase effective 5/1/2040; 10% increase effective 6/1/2045; 10% increase effective 7/1/2050; …
- Guarantor: Corporate
Location
This Dollar General property is at 3597 Old Somerset Pike in Brodhead, Kentucky.
Asset type: Retail