Dollar General - Net Lease Property for Sale
Albany, KY
Key Investment Metrics
Price
$1,383,900
Cap Rate
7.0%
Net Operating Income
$96,873
Building Size
10542 SF
Lot Size
10,542 SF
Land Area
1.64 Acres
Remaining Term
11.8 years
Lease Expiration
10/30/2037
Lease Term
15 years
Lease Commencement
10/27/2022
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2022
Occupancy
100%
Tenancy
Single
Rent Increases
In Option Periods
About This Dollar General Net Lease Property
This Dollar General NNN (triple net lease) property is located in Albany, KY and represents an excellent investment opportunity for commercial real estate investors. The property features 10542 square feet of building space and was built in 2022.
With a cap rate of 7.0%, this Dollar General net lease property offers stable income potential. The asking price is $1,383,900, making it an attractive option for 1031 exchange investors seeking quality Dollar General commercial properties.
Why Invest in Dollar General NNN Properties?
- Stable Income: Dollar General net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Dollar General is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Albany, KY Market Overview
Located in Albany, KY, this Dollar General property benefits from strong local demographics and market fundamentals. The Albany area offers excellent visibility and accessibility, making it an ideal location for Dollar General operations and a solid investment for net lease property buyers.