2005 E Main St - Freestanding FOR SALE


Cumberland, KY 40823
$1,253,000 USD
949-734-0243
2005 E Main St, Cumberland, KY for Sale
$1,253,000 USD
Freestanding - FOR SALE
1/11
null | 7.7% Cap Rate

2005 E Main St
Cumberland, KY 40823


HIGHLIGHTS

  • 100% leased to three national credit tenants: Family Dollar, Subway and H&R Block
  • Exceptional operating history: Family Dollar has operated at the Property since 1982, Subway since 2002 and H&R Block since 2003
  • Family Dollar lease through January 2033, with four additional five-year extension periods
  • 2023 Family Dollar store expansion and prototype renovation modernized the anchor space and enhanced the overall presentation of the center
  • Additional 36,590-square-foot / 0.84-acre tract fronting East Main Street included with the offering

OVERVIEW

Lee & Associates, in association with ParaSell, Inc., is pleased to present the fee-simple opportunity to acquire a 100% leased, Family Dollar-anchored retail investment located at 2005–2007 East Main Street in Cumberland, Kentucky. Offered at $1,253,000 ($82/PSF), the 15,335-square-foot property generates current annualized net operating income of $96,518, representing a 7.70% capitalization rate. The center is occupied by three national credit tenants—Family Dollar, Subway and H&R Block—providing diversified income through a complementary mix of necessity-based retail, quick-service dining and consumer services. The Property is distinguished by an exceptional history of tenant occupancy: Family Dollar has operated at the location since 1982, Subway since 2002 and H&R Block since 2003. Family Dollar occupies 11,310 square feet under a lease extending through January 2033 and completed a store expansion and prototype renovation in 2023, reinforcing its long-term commitment to the location. The offering includes approximately 2.37 acres across two tracts and seven parcels, including a separate approximately 36,590-square-foot, 0.84-acre tract fronting East Main Street. At an accessible acquisition basis, the Property combines durable national tenancy and diversified income with a streamlined, single-building ownership profile.

FOR SALE DETAILS

PRICE

$1,253,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar-Anchored Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.37 AC

LAND SF

103,237 SF

ZONING

-

APN/PARCEL ID

206-10-26-001.00

ASK ABOUT THIS PROPERTY

Jonathan SelznickLee & Associates Commercial Real Estate ServicesMore Info
949-734-0243

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Jonathan SelznickLee & Associates Commercial Real Estate ServicesMore Info
949-734-0243

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.