55 Jb Shannon Dr - Storefront FOR SALE


Flemingsburg, KY 41041
$550,000 USD
859-264-0888
55 Jb Shannon Dr, Flemingsburg, KY for Sale
$550,000 USD
Storefront - FOR SALE
1/11
null | 8% Cap Rate

55 Jb Shannon Dr
Flemingsburg, KY 41041


HIGHLIGHTS

  • Fully leased 5,000 SF retail center with 4 units
  • Tenants: AT&T (Prime Communications), Little Caesars, Jackson Hewitt, and Spotlight Realty KY
  • Retail center offered at an 8.0% cap rate based on Year 1 NOI of $35,423, valued at $442,787
  • Includes adjacent 0.53-acre development parcel, valued at $107,213
  • Zoned Highway Business – suitable for retail expansion or pad site
  • Adjacent to major community anchors: Fleming County Hospital, Fleming County High School, McDonald’s, and Arby’s

OVERVIEW

SVN Stone Commercial Real Estate is pleased to present a fully leased retail investment opportunity with an additional development component at 55 JB Shannon Drive in Flemingsburg, KY. The offering includes a 5,000 SF four-unit retail center and an adjoining 0.53-acre commercial lot. The center features a solid tenant mix including AT&T, Little Caesars, Jackson Hewitt Tax Service, and Spotlight Realty KY. Each suite is separately metered, and leases reflect a combination of gross and modified gross structures. Based on actual operating performance, the retail center is being offered at an 8.0% cap rate @ $442,787. The additional 0.53-acre development parcel—valued at $107,213—is included in the total offering price of $550,000 and provides an excellent opportunity for expansion, pad development, or additional parking. The site benefits from strong visibility and access off KY-11 and is located adjacent to key community drivers including Fleming County Hospital, Fleming County High School, McDonald’s, and Arby’s. For additional information, please contact Weston Lockhart at weston.lockhart@svn.com // 859-317-3538 or Nathan Dilly at nathan.dilly@svn.com // 859-420-5492.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Value Add Retail Center - Flemingsburg, KY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

Highway Business

APN/PARCEL ID

039-10-08-001.01

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 Policy.