Popshelf

4801 Fort Campbell Blvd, Hopkinsville, KY 42240

$2,868,602

Cap Rate 6.65%

Views: 99 DOM: 344 Updated: 10.30.24 Posted: 12.07.23 Status: Active

Summary

Price $2,868,602	Built/Renov 2023	Tenant Popshelf
Cap Rate 6.65%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 9,998	Lease Start 10-01-2023	#Units 216
Price/SF $286.92	Expiration 09-30-2038	Tenant Type Dollar/Discount
NOI $190,762	R. Term 13.10	Ownership Fee Simple
Rent/SF $19.08	Increases 5.0%/5/yrs	Pop 5Mi 31,781
Lot/AC 2.01	Options 4/5yrs/10%	AHHI 5Mi $60,197

Bryan Bender

Fortis Net Lease

Contact

Lease Highlights

Brand-new 2023 construction
Brand-new 15-year lease with 4 (5-year) options
The lease features 5% rent increases every 5 years in the primary lease term | 10% increases at each option
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease (NYSE: DG)
Investment grade tenant (S&P: BBB)

Location Description

Popshelf is strategically located on Fort Campbell Blvd, with access to 19,093 vehicles passing by daily. The property holds a prime position adjacent to the Hopkinsville Towne Center, which houses well-known national tenants such as Hobby Lobby, Burkes Outlot, TJ Maxx, Ross Dress For Less, and ULTA Beauty Anchored, among others. Conveniently located just one mile from the Bruce Convention...

...

Key Features

New construction
Near major nationals
Shopping Ctr out-parcel
Highway location
Brand new lease
Absolute NNN
Long 10+ yr lease
Traded and rated company
Corporate Guarantee
Investment grade tenant

...

Links

Popshelf Wikipedia Popshelf Wikipedia Hopkinsville, Kentucky Zip Code 42240 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popshelf
Guarantor:Corp T and Rated
Company:Dollar General Corporation
# Units:216
Tenant S&P: BBB
Moody’s: Baa2
Stock: NYSE: DG

About Tenant

PopShelf is an upscale Dollar General retail concept focusing on non-consumable categories such as seasonal and home décor, health and beauty, home cleaning supplies, and party and...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT