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.