December 21, 2020 – Kyle Danielson and Bob Horvath of Horvath & Tremblay have successfully completed the sale of Dollar General in Frankfort, Kentucky. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,395,000.
Dollar General is located at 2865 Louisville Road in Frankfort, Kentucky. This is a new construction Dollar General that was completed in 2020. The property consists of a 9,026 square foot stand-alone building on a 5.29-acre parcel of land. Dollar General has 14+ years of term remaining on a corporate guaranteed Absolute NNN lease followed by five, 5-Year renewal options. The lease calls for a 10% increase at the start of each renewal option. Dollar General is well located along Louisville Road with outstanding visibility and frontage. The Property is strategically positioned on the main thoroughfare Louisville Rd. (Highway 60) which sees 6,531 cars per day. The ten-mile population from the site is 68,741 (with expected 2.99% growth) while the three-mile average household income is $72,171 per year, making this location ideal for a Dollar General. The property is less than 3-miles from the Capital City Airport, and also benefits from close proximity to Interstate 64.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.