230 S L Rogers Wells Boulevard - Highland Commons, Glasgow, KY

Qualified investors are extended the opportunity to acquire a 100% fee interest in Highland Commons, a ±130,466 square foot grocery-anchored community center located in Glasgow, KY.

Regional Retail Market: Glasgow, Kentucky serves as the retail hub for a multi-county region. Highland Commons is easily accessible to the population located just north of the Cumberland Parkway and is the trade area’s first major shopping center traveling from the state highway. The subject property is located immediately southwest of a freestanding Lowe’s Home Improvement that is excluded from the offering. The high traffic generated by this prominent national retailer benefits Highland Common’s tenants.

Secure Income Stream: Highland Commons enjoys excellent income stability due to a substantial level of income derived from credit tenants. Food Lion, a tenant for 20 years, recently executed a 5-year renewal option. Kmart has five years remaining on its primary lease term with ten additional 5-year options. National and regional tenants account for over 80% of the property’s gross leased area.

Signalized Access to Center: The intersection of S L Rogers Wells Boulevard and Grandview Avenue is fully signalized providing convenient northbound - southbound access from S L Rogers Wells Boulevard, and eastbound - westbound access from Grandview Avenue. There is also a signalized intersection on the far north side of the property providing additional access to the property.

High Traffic Counts: Traffic counts at the intersection of S L Rogers Wells Boulevard and Grandview Avenue total over 26,000 cars per day.

Sale Notes:
As the exclusive agent for the owner, CBRE is pleased to offer for sale Highland Commons a, 130,466 square foot grocery-anchored community center located in Glasgow, KY. This offering provides investors the opportunity to acquire a strategically located center anchored by a market leading grocer. Highland Commons provides long-term cash flow stability, serves a well-established customer base and is unencumbered by existing debt, allowing an investor to take advantage of historically low interest rates and achieve excellent returns. Highland Commons provides a tremendous value proposition to an investor.