2911 S Highway 27 - Freestanding FOR SALE
Somerset, KY 42501 |
$1,944,984 USD
513-325-8682
2911 S Highway 27
Somerset, KY 42501
HIGHLIGHTS
- SINGLE TENANT ASPEN DENTAL LOCATION: 3,509-SF on a 0.79 acre lot with 25 parking spaces
- DOUBLE NET LEASE: 2014 renovations with over 8 years remaining on the original NN lease. Landlord responsible for roof, structure & HVAC replacement
- RENTAL INCREASES IN EACH OPTION: Rental increase coming in 2029 and 8% rental increases in each of four, 5-year renewal options.
- HIGH VISIBILITY LOCATION: Outparcel to shopping center with lighted pylon sign and easy access from all traffic directions. Three points of ingress an
- 4 MILES FROM LAKE CUMBERLAND: Lake Cumberland is a major boating and outdoor recreation destination in Kentucky attracting 4 million annual visitors.
- DENSE RETAIL HUB: Located near multiple national tenants including Hobby Lobby, TJ Maxx, Tractor Supply, Ollie’s, Planet Fitness, Dunham’s and more
FOR SALE DETAILS
PRICE
$1,944,984 USD
PRICE/SF
$554 USD /SF
CAP RATE
5.79%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
45
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,412 SF
ZONING
B-2, Highway Business
APN/PARCEL ID
062-1-0-52
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513-325-8682
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513-325-8682
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