1305 Highland Ave
Carrollton, KY 41008

Marcus and Millichap is pleased to exclusively offer for sale the Family Dollar located at 1305 Highland Avenue in Carrollton, Kentucky. The site was built to suit for Family Dollar in 2015 and consists of 9,233 rentable square feet. This investment is being offered at $1,576,422, which represents an 8.10 percent capitalization rate. Family Dollar has over 6 years remaining on an original, 10 year, NN lease, which allows for minimal landlord responsibilities (Roof & Structure Only). Additionally there are six, five-year renewal options with favorable 10% increases in each. Family Dollar is responsible for both coordination and expense of common area maintenance, including landscaping, mowing, snowplowing, removing any trash, re-striping, and parking lot lighting. Family Dollar also is responsible for any repairs needed to the asphalt and concrete up to $2,500/Year. The store is well positioned in the immediate vicinity of several other strong tenants including O'Reilly Auto Parts, Advance Auto Parts, Rite Aid, Subway, US Bank, & US Post Office. The store benefits from being positioned on US-42 which serves as the main thoroughfare through town and the primary retail corridor. BOR: Colby Haugness Lic#242197