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2450 KY-2
Olive Hill, KY 41164

$1,339,586 USD

Convenience Store For Sale  •  10,542 SF

Property Details

  • Property Type Convenience Store
  • Total Building Size 10,542 SF
  • Lot Size 2.45 AC
  • Building Class C
  • Year Built 2022
  • Tenancy Single
  • Zoning C
0 Transit Score
6 Walk Score

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 7.0% 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.

Highlights

7.0% 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

Property Flyers

Amenities

  • Wheelchair Accessible
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Nathan Dilly 859-420-5492 SVN Stone Commercial Real Estate
Nathan Dilly 859-420-5492 SVN Stone Commercial Real Estate