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Franklin, KY - Dollar Tree

$1,778,000

224 S. Main St, Franklin, KY 42134

Active
Last Updated: 05/23/2025

6.75

Cap Rate

120,000

NOI

Details:
Cap Rate:    6.75%
NOI:    $120,000
Building Size:    11,962 sqft
Description:

• The tenant, Dollar Tree Stores, Inc., recently signed a brand new 10-year lease, with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features flat rent during the initial term and variable rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• The tenant is paying rent of approximately $10 PSF

• The subject property is strategically located at the signalized, hard-corner intersection of Montague St and S Main St, combining to average over 19,100 vehicles passing by daily
• The site is in the center of a primary retail corridor with other nearby national/credit tenants including Piggly Wiggly, Harbor Freight, Ace Hardware, Dollar General, CVS, O’Reilly Auto Parts, Taco Bell, Hardee’s, and many more further increasing consumer traffic to the site
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

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