Newtown Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30270837
Property Subtypes: Street Retail
Building Size (RSF): 14,231 SF
Sale Price: $1,550,000
Unit Price: $108.92 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Newtown Plaza
Sale Terms: Other
Cap Rate: 8.55%
Last Updated: 5/15/2018

Overview / Comments

GREAT INVESTMENT OPPORTUNITY IN A THRIVING MARKET! A +/-14,231 SF two-building retail center for sale. Newer attractive construction - Built in 2007 with value-add opportunity at under market rents. Great access and visibility from Highway 245/John Rowan Boulevard recently improved with Highway 245 expansion. Great tenant mix including Bluegrass Cellular, Edward Jones, Transamerica, State Farm, Bardstown Paint & Design, JP Mortgage Company and more. Located at the intersection of Hwy 245/John Rowan Boulevard & Granite Drive with close proximity to downtown and Blue Grass Parkway. Buffalo Wings & Rings is located within the center (separately owned parcel) and a Colton’s Steakhouse is under construction on an adjacent lot.

Current Tenants

Tenant Business Name Mark Abramovich
Is Renting? Yes
SF of Space Occupied 1,462 SF
Tenant Business Name Transamerica Premier Life Insurance
Is Renting? Yes
SF of Space Occupied 1,806 SF
Tenant Business Name Bardstown Paint
Is Renting? Yes
SF of Space Occupied 2,745 SF
Tenant Business Name State Farm
Is Renting? Yes
SF of Space Occupied 1,524 SF
Tenant Business Name Edward Jones
SF of Space Occupied 1,485 SF
Tenant Business Name Bluegrass Cellular
Is Renting? Yes
SF of Space Occupied 2,126 SF
Tenant Business Name JP Mortgage Company
Is Renting? Yes

Additional Details

Nearest MSA: Bardstown
County: Nelson
Zoning: TBD
Retail Clientele: General
Area Description: Bardstown, Nelson County Kentucky is located in the heart of central Kentucky, Bardstown is a short 35 minute drive to Louisville. Bardstown, is the county seat of Nelson County, which includes several other communities including the incorporated cities of Bloomfield and New Haven. Over 40,000 people call Nelson County home. Bardstown features economic diversity, ranging from a strong tourism base, with My Old Kentucky Home State Park and 25 festivals each year, to a growth-minded business climate, which includes being the home to a vibrant retail base and over 40 manufacturing operations including American Greetings.
Tenancy: Multiple Tenants

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,716 15,026 19,029
Median Age: 33.28 35.56 35.61
Households: 1,445 6,046 7,538

Contact

Photograph of Listing Agent

Jamie Adams

NAI Isaac KCREA Member
Photograph of Listing Agent

J.L. Cannady

NAI Isaac KCREA Member
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