Property summary
Colby Station, situated at the prime intersection of Bypass Road and Colby Road in Winchester, Kentucky, presents a compelling investment opportunity. This +/- 57,466 square foot neighborhood shopping center is situated on a sizable 8.4-acre lot, ensuring ample space for current and future tenants. The property boasts a strong tenant roster, including established national brands such as Dollar Tree, Kay Jewelers, Rent A Center, and Little Caesars, providing a stable income stream and demonstrating market demand. The diverse mix of tenants also includes local favorites like Don Senor's Restaurant and Resilience Physical Therapy, catering to a broad customer base. Scooters Coffee adds further convenience and appeal to the center. This established center offers a significant opportunity for investors seeking a well-located, income-producing asset in a growing Kentucky market. The property's size and prominent location provide excellent visibility and accessibility, making it an attractive destination for shoppers and businesses alike. The existing tenant mix offers a solid foundation for future growth and potential lease rate increases. This is an exceptional opportunity to acquire a well-established and thriving retail center in a desirable location. The asking price is $17 million.
Property profile
VerifiedCap rate & NOI
Current use
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Mobile Phone Store Electronics & Wireless Store
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Hair Salon
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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