859 S Broadway St – Georgetown$ 1,975,000.00
Agent James M. Schrader
Total Building Size10,914 SF
Total Lot Size1.301 AC
Property UseThis is an Investment Property
Address: 859 S Broadway Street, Georgetown, KY 40324
- Georgetown is a highly populated market for a Dollar General store as Kentucky’s 7th largest city which results in a premium. 17.8% population growth from 2010 to 2018.
- Large store for Dollar General with the potential to sell beer and wine.
- Great backfill opportunity in major market if Dollar General vacates.
- Across from major hospital and near the Bypass.
- High end construction standards with brick on three sides of the building, concrete driveway, extensive landscaping and irrigation system, sidewalks around the property and corner location.
- Absolute lease with Landlord responsibilities negligible.
- Lease expiration date of March 31, 2031. Annual rent of $123,054 and a capitalization rate of 5.86%.