Marcus & Millichap Arranges $3.6M Sale Of Two-Property Dollar General Portfolio In Kentucky
828 North Dixie Street
$3,600,000
$169/SF
Building Size
21,280 SF
Asset Type
Retail
Closing
Sep 10, 2025
AI
The transaction involved a retail asset located at 828 North Dixie Street and 12065 Franklin Road in Horse Cave and Franklin, KY. The sale price was set at $3,600,000 for a total of 21,280 square feet of retail space, with a price per square foot of $169. The properties are leased to Dollar General under 15-year corporate leases.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Square Feet: 21,280
- Price Per Square Foot: $169
- Addresses: 828 North Dixie Street & 12065 Franklin Road
- Market: Horse Cave & Franklin, KY
The deal was facilitated by brokers Don McMinn and Andrew Koriwchak from Marcus & Millichap, who played a key role in arranging the sale of the Dollar General portfolio.
Players
Horse Cave Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93