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Family Dollar - Eminence, KY 63 Depot Ave

9,100 SF Retail Building Eminence, KY 40019 $775,000 ($85/SF) 9.51% Cap Rate

Investment Highlights

  • Single Tenant Free Standing Family Dollar - Located in Eminence, KY
  • Surrounding Demographics - 2,000+ People Reside within 1 Mile Radius of Site and 3,500+ People Reside within 3 Mile Radius of Site
  • Situated on Hard Corner Experiencing 7,000+ Vehicles Passing Site Daily Along S Main St and 4,000+ Vehicles Passing Site Daily Along E Broadway
  • NN Lease Structure with Minimal Landlord Responsibilities
  • Projected +1.21% Population Growth in the Next Five Years within 3 Mile Radius of Site

Executive Summary

Single Tenant Free Standing Family Dollar - Located in Eminence,
KY
1.3mm in sales (2023) Healthy 5.6% Rent to Sales Ratio
Louisville, KY MSA - Top 50 - Ranked #45 in the U.S.A
NN Lease Structure with Minimal Landlord Responsibilities
Surrounding Demographics - 2,800+ People Reside within 1 Mile
Radius of Site and 3,800+ People Reside within 3 Mile Radius of
Site
Projected +2.37% Population Growth in the Next Five Years within
1 Mile Radius of Site

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,100 SF
Building Class
C
Year Built/Renovated
2007/2018
Price
$775,000
Price Per SF
$85
Cap Rate
9.51%
NOI
$73,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.45 AC
Zoning
B-1 - Commercial
Parking
21 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
281 FT on West Broadway

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 9,100 SF
  • -
  • Double Net
  • Jun 2027

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 9,100 SF - Double Net Jun 2027

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030-30-02-002.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$775,000
  • Listing ID: 33459856

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 63 Depot Ave, Eminence, KY 40019

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