Overview

Description

SVN Stone Commercial Real Estate is pleased to present this excellent Dollar General Plus investment opportunity in Olive Hill, KY. This property was built in 2022 and is subject to a 15-year NNN lease to Dollar General Corporation (BBB). This location is strategically located on KY-2 off of Exit 156 on 1-64. Traffic counts are 3,000 on KY-2 and 12,500 on I-64. Olive Hill, is best known for Carter Caves State Resort Park which brings tourists year-round. This investment opportunity is priced at a 6.65% cap rate and has over 13 years remaining on the initial term of the lease, with five 5-year options to renew.

For additional information please contact Nathan Dilly at nathan.dilly@svn.com or 859-420-5492 or Weston Lockhart at weston.lockhart@svn.com or 859-317-3538.

Olive Hill, Kentucky, boasts a tranquil yet thriving community. Positioned amidst scenic landscapes and historical charm, this town is well known for its outdoor activities, local restaurants, and Carter Caves State Resort Park. This property is conveniently located on KY-2 at Exit 156 on I-64. Olive Hill lies east of Lexington, KY and close to the Kentucky-West Virginia border.

Highlights

• 6.65% Cap Rate
• Annual Rent: $93,771
• NNN Lease with 13+ Years Remaining
• Corporate Guarantee: Dollar General Corporation
• High Traffic Interstate Location (I-64) - 12,500 VPD
• 3,000 VPD KY-2

Documents

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