Premium Starbucks & T-Mobile Center Offering
Retail-Commercial
for Sale
| Catylist Listing ID: |
30850651 |
| Property Subtypes: |
Free-Standing Building, Street Retail
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| Building Size (RSF): |
6,164 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$3,500,000 |
| Unit Price: |
$567.81 PSF |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
5.85% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
4/1/2024 |
Overview / Comments
Qualified investors are extended the opportunity to acquire a 100% fee simple interest in a premier hard corner two-tenant strip fully guaranteed by Starbucks & T-Mobile corporate.
The subject development is located within the city limits of Radcliff, KY near the main entrance to the U.S. Army’s Fort Knox base, which is classified as a city unto itself. The military base is one of the most multifunctional installations in the Army, home to more than 30 commands including the Army’s Human Resources Command. The daytime population of Fort Knox base alone is 25,000. The central section of the Dixie Highway corridor, in which the subject property is located, is the most densely developed portion of the Dixie Highway corridor at the signalized intersection of Dixie Hwy & Lincoln Trail, considered to be the core area of the retail district. The intersection is anchored by McDonald’s and Radcliff Square, a 150,000 square foot community shopping center anchored by Orscheln Farm & Home & Ollie’s. Other retailers in the immediate area include Walmart Super Center, Aldi, Walgreen’s, and Planet Fitness. Strategically positioned at the heavily trafficked intersection of Dixie Highway and Lincoln Trail Boulevard, the site offers excellent visibility and access to over 40,000 VPD via multiple points of ingress/egress. Continued growth is expected as Fort Knox continues to add military posts and as a result of the county’s new $5.8 billion investment in the Ford Battery Plant to the immediate south, increasing population and demand for services.
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Current Tenants
| Tenant Business Name |
Starbucks |
| Is Renting? |
Yes |
| SF of Space Occupied |
2,978 SF |
| Current Rent |
$119,640 PSF (Annual) |
| Lease Expiration |
5/2033 |
| Tenant Business Name |
T-Mobile |
| Is Renting? |
Yes |
| SF of Space Occupied |
3,187 SF |
| Current Rent |
$84,456 PSF (Annual) |
| Lease Expiration |
8/2033 |
Additional Details
| Nearest MSA: |
Elizabethtown-Fort Knox |
| County: |
Hardin |
| Tax ID/APN: |
160-10-05-007 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Tourist |
| Property Located Between: |
S Dixie Blvd & W Lincoln Trail Blvd |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
S Dixie Blvd |
| Traffic/Vehicle Count: |
25,846 |
| Site Description: |
10 Year Lease Terms
Corporate backed guarantees by Starbucks & T-Mobile
Maximum Visibility
The site offers great visibility and large pylon signage on the prominent corner in Radcliff’s longstanding proven retail corridors
Irreplaceable Real Estate
The 1.40-acre site is ideally situated at the signalized intersection of Dixie Highway and Lincoln Trail Boulevard, with ingress/egress on both roads and immediate adjacency to the traffic signal
Ideal 1031 or Private Equity Play
Limited landlord responsibilities, stable cash-flow, and sound real estate fundamentals make this an ideal 1031 replacement property or private equity investment
County poised for growth
Hardin County is projected to be the fastest-growing county in Kentucky for years to come because of the Ford Battery Plant. This is a $5.8 billion investment will create 5,000 new jobs and an est. 20,000 to 25,000 new residents over the next few years. |
| Area Description: |
Hardin County is projected to be the fastest-growing county in Kentucky for years to come because of the Ford Battery Plant. This is a $5.8 billion investment will create 5,000 new jobs and an est. 20,000 to 25,000 new residents over the next few years. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Renovated: |
2022 |
| Total Parking Spaces: |
67 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,952 |
27,753 |
47,142 |
| Median Age: |
33.03 |
31.67 |
32.51 |
| Households: |
2,545 |
10,557 |
16,685 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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