5079 FREDERICA ST – OWENSBORO

Retail-Commercial for Sale
Catylist Listing ID: 30298576
Property Subtypes: Free-Standing Building
Building Status: Under Construction
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Gross Land Area: 2.26 Acres
Sale Price: $3,000,000
Unit Price: $150 PSF
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/23/2018

Overview / Comments

National Credit Tenant – Investment Opportunity $3,000,000.

Ground lease to Harbor Freight.

+/- 2.26 acres zoned for commercial use on high-traffic retail corridor.

Ideal location near Walmart Supercenter, Target, Best Buy, Sam’s Club and Towne Square Mall.

Brand-new 10-year land lease recently signed with four additional 5-yr options.

Nationally-known tenant constructing new free-standing store on the property.

Signalized intersection with a daily traffic count of 7653(12) Sta. E01.

6% cap rate.

Ideal for 1031 exchange.

No management responsibilities.

Attachments & Media

Additional Details

Nearest MSA: Owensboro
County: Daviess
Zoning: N/A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,854 41,384 67,734
Median Age: 33.17 39.79 38.61
Households: 2,513 18,036 27,974
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