Early Lease Extension Dollar General

For Sale

10247 Dixie Hwy, Florence, KY 41042

This Florence property for sale is located at 10247 Dixie Hwy. The current listed sale price for Early Lease Extension Dollar General is $1,350,000. Early Lease Extension Dollar General is situated on a lot that is 1.93 acre in size.

Contacts

broker

Quinn Strauch

23 Realty Advisors

(970) 331-2545

Property Details

  • Property Type Retail - Street Retail
  • Property Size 9,012 SF
  • Lot Size 1.93 Acre
  • Property Tenancy Single Tenant
  • Year Built 2011
  • Date Updated Feb 8, 2024
Located at 10247 Dixie Highway in Florence, Kentucky, this Dollar General store is strategically positioned at the nexus of convenience and accessibility. Situated along Dixie Highway, one of Florence's primary thoroughfares, the property benefits from exceptional visibility and accessibility. It is within close proximity to major transportation arteries, including Interstate 71/75, making it readily accessible to a wide customer base and ensuring a steady flow of traffic. This prime location is not only convenient for local residents but also draws in commuters and travelers passing through the area. Furthermore, the property is surrounded by a diverse array of attractions and amenities that cater to a large local population. Residents and visitors alike can easily access a range of shopping centers, dining options, and entertainment venues within the vicinity. This central location in Florence, with its vibrant community and growing population, ensures a robust and consistent customer base for the Dollar General store.Presenting a unique retail investment prospect at 10247 Dixie Highway in Florence, Kentucky, where prime location and a stable income stream converge. This Dollar General store, strategically positioned along the prominent Dixie Highway and within easy reach of Interstate 71/75, guarantees unparalleled visibility and accessibility, attracting a diverse customer base that includes local residents, commuters, and travelers. Featuring a long-term, triple net (NNN) lease with Dollar General, a nationally renowned and financially secure tenant, this property offers investors a hassle-free income source. Furthermore, the property's surroundings thrive with a vibrant community, comprising a growing population and a variety of attractions, shopping centers, dining options, and entertainment venues, contributing to its integral role in the community. With a solid CAP rate and the potential for future appreciation, this retail investment showcases its value as an addition to your portfolio. Don't miss the opportunity; contact us for more information and to explore this prime retail investment in the flourishing Florence, Kentucky market.

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Highlights

  • 9,026 build-to-suit Dollar General which commenced rent in 2012
  • +11 year operating history at the subject location
  • In July of 2023, Dollar General opted for an early 6 year extension, pushing the primary term's expiration date to July of 2033
  • 10% rent increases in each of the five, 5-year option period (1st option in 2033)

Getting around

  • 38/100

    Walk Score ®

  • 38/100

    Bike Score ®

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Location

  • City Florence, KY
  • Neighborhood Richwood North Estates - Wysteria Village
  • Zip Code 41042
  • Market Cincinnati

Points of Interest

  • Columbia Sussex Station

    6.38 miles

  • Main Terminal

    7.24 miles

  • Marathon

    0.51 miles

  • Speedway

    0.60 miles

  • Sunoco

    0.64 miles

  • The Gas Hole

    1.65 miles

  • UDF Fuel

    2.13 miles

  • Marathon

    2.59 miles

  • Thorntons

    2.60 miles

  • Speedway

    2.69 miles

  • Speedway

    2.73 miles

  • UDF Fuel

    2.75 miles

  • Florence Hub Park & Ride

    2.98 miles

  • Erlanger Municipal Center Parking

    5.13 miles

  • Rest Haven

    5.98 miles

  • Amazon KCVG Parking

    6.12 miles

  • Airport Viewing Area

    6.66 miles

  • Ready Return

    7.57 miles

  • Parking Lot (Beechwood Swim Club)

    7.58 miles

  • Quick Turnaround

    7.60 miles

  • Main Terminal Lot

    7.62 miles

  • Terminal 1 Lot

    7.65 miles

  • Smokin' This and That BBQ

    0.44 miles

  • Hot Head

    0.54 miles

  • Jersy Mike's Subs

    0.55 miles

  • Gold Star Chili

    0.56 miles

  • Sonic

    0.62 miles

  • Taco Bell

    0.62 miles

  • Subway

    0.65 miles

  • Buffalo Bobs

    0.66 miles

  • Steak ’n Shake

    0.70 miles

  • Wok and Roll

    1.66 miles

  • Kroger

    0.59 miles

  • Kroger Marketplace

    3.05 miles

  • Burlington

    3.55 miles

  • Sears

    3.62 miles

  • Kroger Marketplace

    3.75 miles

  • TJ Maxx

    3.90 miles

  • Big Lots

    4.10 miles

  • Remke Markets

    4.20 miles

  • Kroger Food & Drug

    4.23 miles

  • Meijer

    4.37 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Quinn Strauch

23 Realty Advisors

(970) 331-2545