500 Us Highway 62 W Princeton, KY 42445
Retail center anchored by national tenants in Princeton, Kentucky.
Source:
Svnstone
Listing Agent: Nathan Dilly
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Princeton Retail Center For Sale
This retail center, comprising approximately 72,013 square feet, is anchored by national tenants Marshalls, Tractor Supply, and Ruler Foods (The Kroger Co). The tenants operate under modified gross leases with staggered expirations in 2027, 2031, and 2034, providing stable income. The property generates over $390,000 in annual net operating income. The property is located in the center of Princeton’s main retail corridor, offering visibility and access on one of the area’s busiest roads. The center is fully leased to national tenants, bringing consistent traffic from Caldwell County and nearby communities. It is located close to I-69, making it a key retail stop in Western Kentucky. The property is positioned on US 62, Princeton’s main retail artery, and is near national retailers like Walmart, McDonald’s, CVS, and AutoZone. It is less than 2 miles from downtown Princeton and Caldwell Medical Center, with convenient access to Interstate 69. The property draws from a wide trade area across Caldwell and neighboring counties and has high visibility and easy ingress/egress with multiple access points. Marshalls signed a new 10-year lease in 2024, and Ruler Foods signed an early 5-year lease renewal.
Location Intelligence
Current Use by Public Records
Commercial real estate
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Location Insight
- Map
- Local Demand
- City
- Princeton
- County
- Caldwell
- State
- Kentucky
- Longitude
- -87.905194
- Latitude
- 37.11126
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FAQs
What type of property is this?
Shopping center - Retail center anchored by national tenants in Princeton, Kentucky.
Where is this shopping center located?
The property is located at 500 Us Highway 62 W Princeton, KY.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: - Anchored by national tenants Marshalls, Tractor Supply, and Ruler Foods (The Kroger Co) providing stable income.; - Generates over $390,000 in annual net operating income with an 8.06% cap rate.; - 100% leased with staggered lease expirations providing long-term upside.