835 E Broadway Mayfield, KY 42066
Property Lookup
Property profile & analytics
835 E Broadway Mayfield, KY 42066
- Grocery and convenience stores
- 10,500 SF
Property ID
US34-1429029
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Location Intelligence
Current Use by Public Records
- Grocery and convenience stores
Property Details for 835 E Broadway
- Year built
- 2024
- Property size
- 10,500 SF
- Property type
- Grocery and convenience stores
- Property subtype
- NNN properties
Description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, corporate guaranteed, newly built, Family Dollar investment property located in Mayfield, KY. The tenant, Family Dollar Stores of Kentucky, LP, recently signed a brand new 10-year lease with 4 (5-year) option periods left to extend, demonstrating their commitment to the site. The lease features scheduled rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (S&P: BBB) and is NN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. The newly relocated built-to-suit property, which is estimated to open in 2024, features a state-of-the-art design using the highest-grade materials available. Family Dollar is strategically located along E. Broadway with clear visibility and access to an average of 13,900 vehicles passing by daily. The asset benefits from direct access onto State Route 121 (12,000 VPD), a partial beltway that directly connects to State Route 80 and Interstate 69, making this a centralized location with easy commutes. The surrounding retail trade area is supported by a strong mix of national and regional tenants including Lowe’s, CVS Pharmacy, FNB Bank, AutoZone, U.S. Bank, and others. The diversified tenant presence drives a steady stream of loyal, local consumers to the trade area and promotes crossover store exposure for the site. Furthermore, Family Dollar is near numerous single-family communities and multi-family complexes including Windhaven (52 units), Mayfield Gardens (72 units), Mayfield Plaza (92 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 17,000 residents and 8,000 daytime employees, with an annual average household income of $62,243.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Mayfield
- County
- Graves
- State
- Kentucky
- Longitude
- -88.644656
- Latitude
- 36.741748
