Multi-Tenant Retail for Sale
Retail-Commercial
for Sale
Also listed as Shopping Center
| Catylist Listing ID: |
30871519 |
| Property Subtypes: |
Day Care Facility, Free-Standing Building, Other
|
| Building Size (RSF): |
15,800 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.58 Acres
|
| Sale Price: |
$1,563,000 |
| Unit Price: |
$98.92 PSF |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.5% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
4/23/2024 |
Overview / Comments
|
This fully occupied, 15,800 square foot multi-tenant retail strip center sits on approximately 1.58 acres, just off US 60 and 1.8 miles from I-64. With renowned shadow anchor tenants like Dollar General, Dollar Tree, Kroger, Walgreens, McDonalds, and more, the center enjoys a prime location in the heart of Frankfort. Positioned as the midpoint between Lexington and Louisville, and with easy access to Cincinnati, this property promises both strategic location and lucrative potential.
|
Current Tenants
| Tenant Business Name |
Mimi's Daycare and Preschool |
| Is Renting? |
Yes |
| Year Founded |
2014 |
| SF of Space Occupied |
5,000 SF |
| Lease Expiration |
10/2027 |
| Tenant Business Name |
Guru Fitness |
| Is Renting? |
Yes |
| Year Founded |
2017 |
| SF of Space Occupied |
5,400 SF |
| Lease Expiration |
6/2027 |
| Tenant Business Name |
Pawsibilities Unleashed |
| Is Renting? |
Yes |
| Year Founded |
2017 |
| SF of Space Occupied |
5,400 SF |
| Lease Expiration |
5/2025 |
Additional Details
| Nearest MSA: |
Frankfort |
| County: |
Franklin |
| Taxing Authority: |
Franklin County |
| Tax ID/APN: |
086-10-06-001.00 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Recreation, Other |
| Property Located Between: |
Versailles Road & Sunset Drive |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Versailles Road |
| Traffic/Vehicle Count: |
22,559 |
| Highway Access: |
1.8 miles to I-64 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,875 |
24,413 |
39,268 |
| Median Age: |
37.81 |
37.81 |
39.13 |
| Households: |
3,057 |
10,381 |
16,585 |
|
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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.
|
