Dollar General - Nortonville, KY

218 Hopkinsville RD Nortonville , KY 42442

Dollar General - Nortonville, KY - retail for sale

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Overview



Free-standing Dollar General store for sale located just off I-169 in Nortonville, Kentucky. This Dollar General is the only national retailer in greater Nortonville and has a large customer base due to lack of competition, with the nearest being over 12 miles away. Surrounding properties include numerous gas stations, Do-It-Best Hardware, and H&R Block, as well as the Nortonville City Park and Fire Station and other local traffic drivers. The current landlord has made several capital improvements to the asset in the last year, such as a completely restriped and slurry-sealed parking lot, a brand-new roof with 15-year warranty and brand-new drain system. Dollar General’s exceptional financial track record has made them one of the most sought-after net lease tenants in recent years, and they continue to impress the industry with phenomenal growth of both their store footprint and corporate financials.

Investment highlights


  • Fee simple interest
  • Dollar General has operated at this location since 2000 and exercised numerous renewals, showing a strong commitment to the location
  • Recently renewed their lease early and extended it to 2025
  • Current landlord implemented recent capital improvements totaling $45,000


General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 218 Hopkinsville RD, Nortonville, KY 42442
Building size 8,625  ft2
Financial
Price $607,837
Cap rate 7.35%
Current NOI $44,676.00
Lease
Tenant's name DOLLAR GENERAL Corporation
Lease type NN
Lease expiration date 10/31/2025
Remaining term 6.1Yrs

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