Dollar General - Nortonville, KY

218 Hopkinsville RD Nortonville , KY 42442

Dollar General - Nortonville, KY - Retail for sale


Jones Lang LaSalle (JLL) is pleased to offer for sale the fee simple interest in a freestanding Dollar General (the Property or Asset) located in Nortonville, KY. The Property is subject to double net lease with 7.6 years of contractual term remaining, with rare rent growth in 2020 and in Dollar Generals remaining 5-year option. Dollar General (the Tenant) is a publicly traded general goods retailer and the largest retail chain by store count in the United states, with over 14,000 locations. Dollar General boasts investment-grade credit, rated BBB by Standard & Poors. The Propertys strong tenancy, low price point, rent growth, and Dollar Generals demonstrated commitment to this location make this a rare net lease investment opportunity.

Investment Highlights

Proven Location, Commitment to Site
Dollar General has operated from this location since 2000, and has exercised numerous renewals to remain in operation at this highly-profitable site. Currently, Dollar General has renewed their lease early and extended out to 2025, demonstrating their commitment to this location.

No Local Competition
The Asset is the only national retail presence in greater Nortonville and enjoys a large customer base devoid of competition. The nearest Walmart, Family Dollar, Dollar Tree, CVS, and Walgreens are all over 12 miles north in the county seat of Madisonville. To the south, competitive retailers are even further away, approximate 25 miles down I-169 in Hopkinsville, KY.

Prime Market Position
The Asset is located just off Interstate 169, traveled by 20,500 vehicles each day. Dollar General sits between the interstate and downtown Nortonville, in the midst of Nortonville’s main commercial intersection. Surrounding properties include numerous gas stations, the Do-It-Best Hardware, H&R Block, Nortonville City Park, Nortonville Fire Station, and several other local traffic drivers.

Recent Capital Improvements
Landlord has made numerous capital improvements to the Property in the last year, including a completely restriped and slurry-sealed parking lot, a brand new roof with 15-year warranty, and a brand new drain system. These improvements total over $45,000 in contributions to the Asset.

Investment Grade Tenancy
Dollar General is the largest retailer in the United States by store count and the only investment-grade tenant in the dollar store sector. Dollar General guarantees all leases at the corporate level, and boasts an investment-grade “BBB” credit rating from Standard & Poor’s. Their 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.
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
Price $607,837
Cap Rate 7.35%
Current NOI $44,676.00
Tenant's Name DOLLAR GENERAL Corporation
Lease Type NN
Lease Expiration Date 10/31/2025
Remaining Term 6.5Yrs