Family Dollar-Anchored Shopping
For Sale
Contact for pricing
2005-2007 East Main Street, Cumberland, KY 40823
Fully occupied retail center with national tenants and a recently renovated anchor space.
Property Size15,335 SF
Lot Size2.37 Acres
Price / SF$81.71
Days on Market22
Property Features for 2005-2007 East Main Street
General Information
Standard status
Active
Size
15,335 SF
Lot size
2.37 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Investment Type
Stabilized
Net Operating Income
$96,518
Financials
Asking Price
$1,253,000
Cap Rate
7.7%
Additional Details
Anchor Co-Tenants
Family Dollar, Subway, H&R Block
Building Details
Year Built
1960
Year Renovated
1982
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Lee & Associates - Ontario
(760) 519-0240
Listed By:
Jonathan Selznick · License #CA Broker License : 01323949
Source:
Crexi
Added: Aug 10
Changed: Aug 29
Last Checked: Aug 29 at 7:58PM
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 Lee & Associates - Ontario
Investment Insights
Based on property information with market context.
This 15,335-square-foot shopping center is fully leased and anchored by Family Dollar, with Subway and H&R Block providing additional retail, dining, and service occupancy. Family Dollar occupies 11,310 square feet and recently completed a store expansion and prototype renovation in 2023. Its lease runs through January 2033.
The property encompasses approximately 2.37 acres across two tracts and seven parcels. A separate 0.84-acre tract containing approximately 36,590 square feet fronts East Main Street. Tenant operating histories extend back to 1982 for Family Dollar, 2002 for Subway, and 2003 for H&R Block. The investment reports a 7.70% capitalization rate and is configured as a single-building ownership.
The property encompasses approximately 2.37 acres across two tracts and seven parcels. A separate 0.84-acre tract containing approximately 36,590 square feet fronts East Main Street. Tenant operating histories extend back to 1982 for Family Dollar, 2002 for Subway, and 2003 for H&R Block. The investment reports a 7.70% capitalization rate and is configured as a single-building ownership.
Key Highlights
- Family Dollar occupies 11,310 square feet under a lease extending through January 2033
- 100% leased to Family Dollar, Subway, and H&R Block
- Family Dollar store expansion and prototype renovation completed in 2023
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Groceries 23%
Dining 21%
Food City
Groceries
7,358 visits/mo
0.2 miles
Hardee's
Dining
6,594 visits/mo
0.0 miles
Dollar General
Shops & Services
4,868 visits/mo
0.1 miles
Speedway
Shops & Services
4,400 visits/mo
0.1 miles
Dollar Tree
Shops & Services
3,960 visits/mo
0.1 miles
Demographics for 40823, KY
3,529
Population
1,727
Households
2
Avg Household Size
43
Median Age
13%
College-Educated
79%
High-School Grad
48.4 sq mi
ZIP Area
73
Density / Sq Mi
$35,704
Median Household Income
$35,086
Median Earnings
$637
Median Rent
$75,800
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?
Shopping center - Fully occupied retail center with national tenants and a recently renovated anchor space.
Where is this shopping center located?
The property is located at 2005-2007 East Main Street Cumberland, KY.
What is the asking price?
The asking price for this property is $1,253,000.
What are key features of this property?
This property features: Family Dollar occupies 11,310 square feet under a lease extending through January 2033; 100% leased to Family Dollar, Subway, and H&R Block; Family Dollar store expansion and prototype renovation completed in 2023
