Pikeville Retail Center For
115 Lee Ave, Pikeville, KY 41501
Two-tenant retail center anchored by Fast Pace Urgent Care.
Type:Retail
Property size:
8,500 SFLot size:
1.55 AcresPrice / SF:
$429/SF- Added:
- Mar 20, 2026
- Days on Market:
- 55
- Last Refresh:
- Mar 21 at 8:44 pm
Property Features for 115 Lee Ave
General Information
- Standard status
- Active
- Size
- 8,500 SF
- Lot size
- 1.55 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2018
Listing agent Brian Munn License #GA 263081
Listing office Marcus & Millichap - Atlanta
Listing date Mar 20, 2026
Source Crexi
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
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.
- Strong Placer.ai data indicating high customer traffic to surrounding businesses.
- High barrier to entry market due to challenging topography, limiting future competition.
- Newer construction (built in 2018) minimizing immediate capital expenditure needs.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
BRITTANY TACKETT
Physician
Sleep Outfitters
Furniture & Home Goods
April Estep
Physician
First Care Urgent ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Pikeville
- County
- Pike
- State
- Kentucky
- Longitude
- -82.513
- Latitude
- 37.5348
Nearby Similar for Sale
FAQs
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.
