835 Broadway Mayfield, KY 42066
- Retail space
- 10,500 SF
- 1.20 lot acres
Current Use by Public Records
- Retail space
Property Details for 835 Broadway
- Year built
- 2024
- Lot size
- 1.20 lot acres
- Property size
- 10,500 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 089.00.00.202.00 & 089.00.00.210.00
Description
This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2024), 10,500 square foot, single-tenant retail building in Mayfield, KY. The property is 100% occupied by Dollar Tree and Family Dollar under a corporate-guaranteed, net lease with a remaining term of 10 years and four 5-year options. The lease includes annual rent bumps of $0.50 per square foot at the beginning of each option period. Located on E. Broadway, the property boasts high visibility and accessibility, with approximately 13,900 vehicles passing daily. Direct access to State Route 121, connecting to State Route 80 and Interstate 69, ensures excellent regional connectivity. The 1.2-acre lot provides ample parking (27 spaces). The property's strong location benefits from a robust surrounding retail environment, including national and regional tenants, and a significant residential population within a 5-mile radius (over 17,000 residents, 8,000 daytime employees, and an average household income of $62,243). The property features a 7.35% cap rate and a net operating income (NOI) of $131,460, with an asking price of $1,788,571 ($170.34/sq ft). The property is zoned B-1. This is a low-management, passive investment opportunity with significant long-term growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mayfield
- County
- Graves
- State
- Kentucky
- Longitude
- -88.6246251
- Latitude
- 36.744869
