Family Dollar NN Investment Property | 8.2% Cap Rate | Crab Orchard, KY

This property is located in Crab Orchard, Kentucky.This ±10,500 SF, Family Dollar store, constructed in 2023, is in Crab Orchard, Kentucky. Crab Orchard, located in Lincoln County, KY, is geographically in the center of Kentucky, approximately 50 miles south of Lexington. Nearby Stanford is the county seat and commercial hub, just over 11 miles northwest of Crab Orchard. The ±3.24-acre parcel is situated at the corner of KY Highway 39, just north of the intersection of U.S. Hwy 150 (±4,350 VPD). Interstate 75 is approximately 14 miles southeast. The population within a 10-mile radius is 19,928 with an average household income of $72,473. From 2020 to 2030 the population growth is 2.71% within 7 miles. The most common area jobs include employment in education, healthcare, automotive manufacturing, farming, and agriculture. The 10 year NN lease run through September of 2033 with four 5-year renewal options. Landlord responsibilities include roof, structure, parking lot capital expenses, and general liability insurance. Tenant responsibilities include grounds and general maintenance including HVAC system, liability insurance and reimbursement of property tax and insurance. The lease is guaranteed by Family Dollar, who was recently purchased by two private equity firms including over 7,500 stores in 49 states. Family Dollar specializes in providing value and a large product and limited grocery selection to smaller communities such as Crab Orchard. They provide investors with a proven retail concept with a long-term track record. This property is priced at $1,478,900 or an 8.2% cap rate.