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8725 New Jackson Hwy
Magnolia, KY 42757

$1,200,060 USD

Freestanding For Sale  •  10,500 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 10,500 SF
  • Lot Size 1.5 AC
  • Building Class B
  • Year Built 2022
  • Tenancy Single
0 Transit Score
0 Walk Score

Highlights

Opportunistic Investment: 2022 built, NN leased, ±10,500 SF Family Dollar recently closed with 7 years remaining on the initial lease term.
Ready for Repurposing: Outstanding investor opportunity to collect corporate guaranteed rent of $110,250 annually.
Location: Magnolia is located 30 minutes south of Elizabethtown / Fort Knox metro area which offer employment from major employers in the region.
Demographics: 10-mile demographics population of over 17,860 with an average household income of over $68,789.
Lowest Price on the Market: Buyers can take advantage of a strong 9.2% cap rate, with approximately 7 more years of cash flow at only $1,200,060.
Broker of Record: Justin Baker Kentucky License #204053

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 32
Type: Surface
Included in Rent: Yes
Nancy Miller 678-613-7327 Bull Realty Inc.
Nancy Miller 678-613-7327 Bull Realty Inc.