200 Segler Dr Oak Grove, KY 42262

Property Details for 200 Segler Dr

Year built

2006

Lot size

4.63 lot acres

Property size

32,660 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 32,660-square-foot shopping center in Oak Grove, Kentucky, presents a compelling investment opportunity. The property boasts 100% occupancy across eleven tenants, including a mix of national, regional, and local businesses, ensuring a stable income stream. All leases are triple-net (NNN), minimizing landlord responsibilities. Built in 2006, the center comprises two multi-tenant buildings situated on a substantial 4.63-acre lot with ample parking. Strategically located on Segler Drive, off Fort Campbell Boulevard, a major thoroughfare with daily traffic exceeding 22,274 vehicles, the center benefits from high visibility and accessibility. Its shadow-anchored position by a Walmart Supercenter further enhances its appeal. The property's strong tenant base includes GameStop, Smoke & Vape Shop, Respawn Coffee Company, Cazadores Mexican Restaurant, China Buffett & Grill, Great Clips, Buddy's Home Furnishings, The Peach Cobbler Factory, CATO, and a USAA ATM, generating additional revenue. The center's proximity to Fort Campbell, the second-largest military base in the nation, provides a stable and substantial customer base. This prime location, coupled with the property's strong financial performance (an 8.25% cap rate and a Net Operating Income (NOI) of $495,501), makes it an attractive investment prospect. The asking price is $6,006,073, translating to $183.90 per square foot. Nearby amenities include Navy Federal Credit Union, Dollar Tree, Hibbett Sports, Sonic Drive-In, Taco Bell, and other popular retailers, further solidifying the center's position within the thriving Oak Grove market. The property's location near Interstate 24, between Hopkinsville, KY and Clarksville, TN, and less than an hour from Nashville, TN, adds to its regional appeal.