Matthews Logo

Navigation Menu

7320 Highway 421 N, Mckee, KY, 40447

Family Dollar
$1,491,273

Key Information

Cap Rate
7.7%
$ per SF
$159
Tot. SF
9,373
Lot Size
1.04 Acres
Year Built
2015
Term Remaining
±5 YRS
Type
Retail

Highlights

  • Absolute NNN – This is a rare absolute NNN lease for Family Dollar with zero landlord responsibilities, offering 100% passive income to a prospective purchaser.
  • Attractive Increase Schedule – 10% rental increases in each of the four, 5-year options, which is beneficial to an owner as it increases their annual cash flow and helps hedge against inflation.
  • Lack of Competition – This is the only Family Dollar location in a 20-mile radius of the property. This benefits an owner by having less competition of necessity shopping within a large radius.
  • Corporate Tenant The lease of the subject property is a corporate store. Family Dollar operates at over 7,500+ locations throughout the country. Family Dollar was recently acquired by Brigade Capital and Macellum Capital Management for $1.01 Billion.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203