500 US Highway 62 W - Freestanding FOR SALE


Princeton, KY 42445
$4,850,000 USD
859-264-0888
500 US Highway 62 W, Princeton, KY for Sale
$4,850,000 USD
Freestanding - FOR SALE
1/18
null | 8.06% Cap Rate

500 US Highway 62 W
Princeton, KY 42445


HIGHLIGHTS

  • 100% Leased to National Credit Tenants
  • Early 5-Year Lease Renewal for Ruler Foods
  • New 10-Year Lease with Marshalls in 2024
  • Positioned on US 62, Princeton’s main retail artery
  • Nearby national retailers like Walmart, McDonald’s, CVS, and AutoZone
  • Less than 2 miles from downtown Princeton and Caldwell Medical Center

OVERVIEW

SVN Stone Commercial Real Estate is pleased to present this ±72,013 square foot retail center, anchored by national tenants Marshalls, Tractor Supply, and Ruler Foods (The Kroger Co). Each tenant operates under a modified gross lease with staggered expirations in 2027, 2031, and 2034, providing stable income and long-term upside. Priced at $4,850,000 with an 8.06% cap rate, the property generates over $390,000 in annual net operating income, offering investors a strong, cash-flowing asset with minimal management responsibilities.

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

8.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Princeton KY Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-3

APN/PARCEL ID

38-9S-1

ASK ABOUT THIS PROPERTY

Weston LockhartSVN | Stone Commercial Real EstateMore Info
859-264-0888

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Weston LockhartSVN | Stone Commercial Real EstateMore Info
859-264-0888

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