Fulton, KY Dollar General
101 N Highland Dr.
Fulton, KY 42041
Highlights
- Over 25 Years of Success in this Location
- Dollar General has renewed the Lease multiple times
- 2.5 +/- Years Remaining on Current Lease Term
- 1 - Three Year Option
- 5% Base Rent Increase in Option Period
- NN Lease - Limited Landlord Responsibilities
Description
SVN | Holman Partners is pleased to present a 100% fee simple interest in a Dollar General property located at 101 N Highland Dr. Fulton, KY 42041. This store is strategically placed at the intersection of Highland Dr (Route 45) and Route 307 which exits off of Interstate 69 creating the main traffic flow in Fulton. The 8,000 SF store, built in 1998 specifically for Dollar General, operates on a modified net lease with limited landlord responsibilities. There are 2.5 +/- years remaining on the current lease term with 1 – 3 Year Option to Renew. There is a 5% base rent increase at the option period. This store has a strong history in Fulton, being a staple in the town for over 25 years. Dollar General is the largest discount retailer in the United States by the number of stores with over 20,000 neighborhood stores in 47 states. Not to mention they are among the largest retailer of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg, General Mills, Nabisco, PepsiCo, and Coca-Cola.
Fulton is a city in the southern-most part of Kentucky, located along the Kentucky/Tennessee border. Located in Fulton County, Fulton is part of the Union City-Hickman, TN-KY Micropolitan Statistical Area. Fulton has a twin city just across its southern border with South Fulton, TN. Fulton was once known as the “Banana Capital of the World” because 70% of imported bananas to the US were shipped through the city. Additionally, they used to hold an annual International Banana Festival. Fulton is also home to a collegiate summer baseball team, the Fulton Railroaders, who play at Lohaus Field located just 0.25 miles from the subject property. Dollar General has a service area of 6 miles to the Northwest, 2.75 miles to the Northeast, and 1 mile to the South. They service a population of roughly 5,000 people. Given Dollar General’s long history of success in this location, it will continue to serve this community well.
