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.