859 S Broadway St – Georgetown

$ 2,100,000.00
Purpose Sale
Type: ,
Location
Total Building Size10,914 SF
Total Lot Size1.301 AC
Zoning DescriptionCommercial
Building ClassA
Property UseThis is an Investment Property
Construction StatusExisting

Address: 859 S Broadway Street, Georgetown, KY 40324

  1. 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.
  2. Large store for Dollar General with the potential to sell beer and wine.
  3. Great backfill opportunity in major market if Dollar General vacates.
  4. Across from major hospital and near the Bypass.
  5. 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.
  6. Absolute lease with Landlord responsibilities negligible.
  7. Lease expiration date of March 31, 2031. Annual rent of $123,054 and a capitalization rate of 5.86%.
Flyer Site Plan