Dollar General Plus | Olive Hill, KY

For Sale

2450 State Highway 2, Olive Hill, KY 41164

This Olive Hill property for sale is located at 2450 State Highway 2. The current listed sale price for Dollar General Plus | Olive Hill, KY is $1,339,586. Dollar General Plus | Olive Hill, KY is situated on a lot that is 1.64 acre in size.

Contacts

broker
Nathan Dilly

SVN | Stone Commercial Real Estate

Property Details

  • Property Type Retail - Freestanding
  • Property Size 10,542 SF
  • Lot Size 1.64 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2022
  • Date Updated Dec 19, 2024
Olive Hill, Kentucky, boasts a tranquil yet thriving community. Positioned amidst scenic landscapes and historical charm, this town is well known for its outdoor activities, local restaurants, and Carter Caves State Resort Park. This property is conveniently located on KY-2 at Exit 156 on I-64. Olive Hill lies east of Lexington, KY and close to the Kentucky-West Virginia border.SVN Stone Commercial Real Estate is pleased to present this excellent Dollar General Plus investment opportunity in Olive Hill, KY. This property was built in 2022 and is subject to a 15-year NNN lease to Dollar General Corporation (BBB). This location is strategically located on KY-2 off of Exit 156 on 1-64. Traffic counts are 3,000 on KY-2 and 12,500 on I-64. Olive Hill, is best known for Carter Caves State Resort Park which brings tourists year-round. This investment opportunity is priced at a 7.0% cap rate and has over 13 years remaining on the initial term of the lease, with five 5-year options to renew. For additional information please contact Nathan Dilly at [email protected] or 859-420-5492 or Weston Lockhart at [email protected] or 859-317-3538.
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Highlights

  • 7.0% Cap Rate
  • Annual Rent: $93,771
  • NNN Lease with 13+ Years Remaining
  • Corporate Guarantee: Dollar General Corporation
  • High Traffic Interstate Location (I-64) - 12,500 VPD
  • 3,000 VPD KY-2

Attachments

Getting around

  • 5/100

    Walk Score ®

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Location

  • City Olive Hill, KY
  • Zip Code 41164

Points of Interest

  • Marathon

    2.73 miles

  • Speedway

    2.75 miles

  • BP

    3.20 miles

  • DQ Grill & Chill

    2.71 miles

  • Subway

    3.11 miles

  • McDonald's

    3.12 miles

  • Save-A-Lot

    2.71 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
Nathan Dilly

SVN | Stone Commercial Real Estate