4925 Highway 52 | Loretto, KY 40037
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4925 Highway 52
Loretto, KY 40037
Family Dollar & Dollar Tree · Retail Property For Sale
Investment Highlights
- 2021 Build-to-Suit Construction
- New Concept Combination Store ¦ Specifically Formatted for Small-Town America ¦ Delivered Comp Sales of over 20%
- Modified Triple Net Lease | Tenant Reimburses for All Expenses Including CAM, Taxes, Insurance & Admin Fee | Landlord Responsible for the Roof & Struc
- 3.3 Miles from the Maker’s Mark Distillery | Renowned Centerpiece on the Kentucky Bourbon Trail
- Original 10-Year Lease ¦ No Early Termination Clause ¦ 7+ Years Remaining
- Four, Five-Year Renewal Options | Rent Increases in Each of the Option Periods
Executive Summary
Marcus & Millichap is pleased to present the Family Dollar & Dollar Tree located in Loretto, Kentucky. The 10,500 square foot building is positioned on about 1.07 acres in the heart of Loretto, Kentucky. The building was built-to-suit to the Family Dollar Tree Combination Store prototype. The building sits about 3.3 miles from the Maker’s Mark Distillery, which is a centerpiece along the Kentucky Bourbon Trail and is the major economic and tourist traffic driver to this area. Loretto is less than 60 miles from Louisville and less than 70 miles from Lexington, home of the University of Kentucky. Family Dollar Tree signed an original ten-year lease that commenced at the end of 2021. There are currently more than 7-and-a-half years remaining on the lease. The lease is a modified triple net lease, with the landlord being responsible for the roof and structure of the building. The tenant is responsible for real estate taxes, insurance, common area maintenance and both maintenance and replacement of the HVAC. There are rent increases in each of the four, five-year renewal options that are available.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,500 SF
Building Class
C
Year Built
2021
Price
$1,437,187
Price Per SF
$137
Cap Rate
8%
NOI
$114,975
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
4.36 AC
Zoning
Commercial
Parking
8 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
352 FT on Holy Cross Road
PROPERTY TAXES
Parcel Number | LO-02-02-02 | Improvements Assessment | $0 |
Land Assessment | $130,000 | Total Assessment | $130,000 |
PROPERTY TAXES
Parcel Number
LO-02-02-02
Land Assessment
$130,000
Improvements Assessment
$0
Total Assessment
$130,000
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