Pikeville Retail Center For
For Sale
Contact for pricing
115 Lee Ave, Pikeville, KY 41501
Two-tenant retail center anchored by Fast Pace Urgent Care.
Property Size8,500 SF
Lot Size1.55 Acres
Price / SF$429.41
Days on Market146
Property Features for 115 Lee Ave
General Information
Standard status
Active
Size
8,500 SF
Lot size
1.55 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$273,350
Building Details
Year Built
2018
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Atlanta
Listed By:
Brian Munn · License #GA 263081
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Atlanta
Investment Insights
Based on property information with market context.
This 8,500 square foot, two-tenant retail center is located on 1.55 acres in Pikeville, Kentucky. Constructed in 2018, the property is an out-parcel to a Walmart Supercenter. The center is occupied by Fast Pace Urgent Care and Mattress Warehouse. Fast Pace Urgent Care's lease expires on January 31, 2035, with 10% rental escalations every 5 years. Mattress Warehouse's lease expires on October 31, 2028, also with 10% escalations every 5 years. Both tenants have corporate guarantees. Fast Pace Health, one of the largest urgent care operators in the US with over 320 clinics, partnered with First Care Clinics in July 2022 and will rebrand this location to Fast Pace. Mattress Warehouse, established in 1989, operates approximately 520+ locations nationwide and acquired 176 additional store locations on May 1, 2025. The property is located off State Route 460 (N. Mayo Trail), with a traffic count of 31,901 cars per day. Pikeville is the county seat of Pike County and home to The Pikeville Medical Center, a 340-bed facility with over 3,100 employees.
Key Highlights
- Located as an out‑parcel to the #3 ranked Walmart Supercenter in Kentucky with 3.4M visitors annually, ensuring high visibility.
- Long‑term leases in place with established tenants: Fast Pace Urgent Care (lease expires 1/31/2035) and Mattress Warehouse (lease expires 10/31/2028), both with corporate guarantees.
- Rental escalations of 10% every 5 years in both leases, providing a built‑in increase in income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
444k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 26%
Home Improvements & Furnishings 12%
Shops & Services 9%
Walmart
Superstores
117,096 visits/mo
0.5 miles
McDonald's
Dining
38,444 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
36,012 visits/mo
0.2 miles
Food City
Groceries
35,558 visits/mo
0.2 miles
Burger King
Dining
25,081 visits/mo
0.1 miles
Demographics for 41501, KY
22,636
Population
11,343
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
192.4 sq mi
ZIP Area
118
Density / Sq Mi
$44,719
Median Household Income
$35,310
Median Earnings
$873
Median Rent
$147,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Two-tenant retail center anchored by Fast Pace Urgent Care.
Where is this strip mall located?
The property is located at 115 Lee Ave Pikeville, KY.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Located as an out‑parcel to the #3 ranked Walmart Supercenter in Kentucky with 3.4M visitors annually, ensuring high visibility.; Long‑term leases in place with established tenants: Fast Pace Urgent Care (lease expires 1/31/2035) and Mattress Warehouse (lease expires 10/31/2028), both with corporate guarantees.; Rental escalations of 10% every 5 years in both leases, providing a built‑in increase in income.
