Asking Price: $425,605
Building Size: 9,600 SQ FT
Lot Size: 28532
Cost per Square Foot: $44.33
SVN | Holman Norden is pleased to present a Louisville Dollar General located at 2625 Rockford Lane, Louisville, KY 40216. Serving the residential community of Shively since 1999, Dollar General has little direct competition with a population of over 10,500 in a 1-mile radius. The subject property is a 9,600 square foot building leased to Dollar General Corporation as a long-term tenant. After renewing the lease 3 years early in 2018, Dollar General agreed to a $1200 per year increase in rent which will take place in 2021, giving 7 years of term currently remaining. Along with the extension comes one 5-year renewal option with a $2736 per year rent bump at the 2026 renewal option. Dollar General is the largest discount retailer in the United States by the number of stores with over 15,300 neighborhood stores in 44 states. Dollar General is among the largest retailers of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola. When you combine the location demographics with the superior quality of Dollar General the result is an excellent investment property in a terrific location.
Key Points: Little Retail Competition within 1 mile Over 10,500 People and +/-11,500 VPD within 1 Mile +/-7 Years Remain with 1 (5) Year Option 11.99% Cash On Cash Potential Return NN Lease – CAM, Tax, and Insurance Reimbursements New Roof (2018) & 4 New HVAC Units (2016)