Current Use by Public Records
- Lifestyle centers
Property Details for 5399 Ky-11
- Year built
- 2023
- Lot size
- 1.36 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 10,500 square foot retail shopping center, located at 5399 KY-11 in Girdler, Kentucky (Knox County, zip code 40943), presents a compelling investment opportunity. Built in 2023, the property boasts a 100% occupancy rate with a strong tenant mix: Dollar Tree and Family Dollar, both credit-rated corporations with a corporate guarantee. The lease is a Net Net + (NN+) type, with a remaining term of 9.2 years, extending to February 4, 2034, and includes lease options. The property features a single, one-story building situated on a 1.36-acre lot with a large, low-maintenance concrete parking area. The asking price is $1,558,065, representing a price per square foot of $148.39 and a 7.75% capitalization rate. The Net Operating Income (NOI) is $120,750. This strategically located center benefits from its central position between London and Middlesboro, Kentucky, offering excellent access to a substantial customer base. The property's strong financials, coupled with its high-quality tenants and desirable location, make it an attractive investment prospect for discerning buyers. The lease commenced on October 2, 2023.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hinkle
- County
- Knox
- State
- Kentucky
- Longitude
- -83.8412
- Latitude
- 36.9381
