3892 Highway 11 (Veterans Memorial), Sharpsburg, KY 40374

$1,000,000

Property Type: Commercial Sale Square Footage: 9,026 Status: Closed

Current Price: $1,000,000 List Date: 1/19/2021 Last Modified: 9/03/2025

Overview

Description

Absolute Triple Net (NNN) leased Dollar General store located in Sharpsburg, Kentucky. 6 years left on the initial term with Five (5) - Five (5) year options. Corporate store (NYSE DG). Excellent for 1031 Tax Free Exchange or as passive investment. No landlord responsibilities. Daily traffic count of 4519 cars per day. Close to Morehead pop. 7,736. Mt. Sterling pop. 7209

Listing Details MLS# 20100942

Listing Information

Property Sub Type: Retail

Status Change Information

Price Change Timestamp: 2021-02-10T16:41:49Z
Status Change Timestamp: 2021-02-10
Purchase Contract Date: 2021-01-29
Close Date: 2021-02-10
Close Price: 1000000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: None

Address

County: Bath
Street Number: 3892
Street Name: Highway 11 (Veterans Memorial)
State: KY
Zip Code: 40374

Contract

Original List Price: 1150000
Start Showing Date: 2021-01-19
Listing Contract Date: 2021-01-19
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
SP/LP: 0.87

Tax Legal

MLS Area Major: 038 - Bath County
Subdivision Name: Commercial

Interior

Living Area: 9026

More Information

Parking Information

Parking Total: 20

Building

Year Built: 2011
Stories Total: Yes
Accessibility Features YN: Yes

Utilities

Cooling YN: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Available: Yes

Remarks

Public Remarks: Absolute Triple Net (NNN) leased Dollar General store located in Sharpsburg, Kentucky. 6 years left on the initial term with Five (5) - Five (5) year options. Corporate store (NYSE DG). Excellent for 1031 Tax Free Exchange or as passive investment. No landlord responsibilities. Daily traffic count of 4519 cars per day. Close to Morehead pop. 7,736. Mt. Sterling pop. 7209

Building and Property Details

# of Dock Doors: Yes
# of Men's Restrooms: Yes
# of Women's Restrooms: Yes
Electricity Location: back
Electricity Phase: 3

Income and Expenses

Total Actual Rent: 81698

Tax & Legal

Tax Rate: 1.128
Zoning Description: B-1
Directions: 3892 Veterans Memorial HWY (HWY 11)

Construction Materials

Aluminum Siding: Yes
Brick: Yes
Steel Frame: Yes

Possession

Close Of Escrow: Yes

Roof

Flat: Yes
Membrane: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Concrete Floor: Yes
Vinyl Flooring: Yes

Business Type

Retail: Yes

Ceiling

Open: Yes

Docks

None: Yes

Electric

3 Phase: Yes

Existing Lease Type

NNN: Yes

Sale Includes

Building(s): Yes
Land: Yes
Leases: Yes

Tenant Pays

Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Insurance: Yes
Interior Maintenance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Phone Available; Sewer Connected; Water Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Connected; Water Available Building Features: Concrete Floor; Vinyl Flooring Business Type: Retail Ceiling: Open Construction Materials: Aluminum Siding; Brick; Steel Frame Docks: None Electric: 3 Phase Existing Lease Type: NNN Possession: Close Of Escrow Roof: Flat; Membrane Sale Includes: Building(s); Land; Leases Special Listing Conditions: Standard Tenant Pays: Electricity; Exterior Maintenance; Gas; Insurance; Interior Maintenance; Sewer; Taxes; Trash Collection; Water Water Heater: Water Heater

Listing Office: Bluegrass Sotheby's International Realty

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.