100% Occupied Retail Center

Retail-Commercial for Sale
Catylist Listing ID: 30400282
Property Subtypes: Mixed Use
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $1,629,000
Unit Price: $135.75 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 8/22/2019

Overview / Comments

This 100% occupied retail center in Nicholasville, KY features the rare opportunity to acquire a fully occupied retail strip center in one of Kentucky's fastest growing markets. The property is less than 15 years old and contains a diverse mixture of amazon resistant tenants.

Located along the North Main Street retail corridor, the property is surrounded by a dense mix of local and national credit retailers, including a regional Walmart Supercenter, Tractor Supply Co., Harbor Freight and Tools, O'Reilly Autoparts, Walgreens and many national QSR users such as McDonalds, KFC, Taco Bell, etc.

The property is fully occupied with decent term remaining for all tenants, who have each been at the property between 8 and 13 years. The building also features a drive-thru on the south end-cap, which is a valuable feature for the leasability of the center.

Property Highlights Include:

>> Fully occupied with healthy remaining lease terms
>> In-place net operating income of approx. $138,000+ annually
>> Strong anchor-tenant operator
>> Great visibility from N. Main Street
>> Amazon-resistant tenant base
>> 2006 Construction

For additional information, please contact the listing agent.

Additional Details

Nearest MSA: Lexington-Fayette
County: Jessamine
Tax ID/APN: 057-00-00-030.01
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,717 29,044 54,485
Median Age: 33.38 34.47 36.23
Households: 2,256 10,934 20,105
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.