94-154 Grand Vue Plz - Retail FOR SALE


Hazard, KY 41701
$6,000,000 USD
586-202-2340
94-154 Grand Vue Plz, Hazard, KY for Sale
$6,000,000 USD
Retail - FOR SALE
1/8
null | 8.52% Cap Rate

94-154 Grand Vue Plz
Hazard, KY 41701


HIGHLIGHTS

  • Upside through converting gross leases to NNN and implementing rent adjustments
  • Recent capital improvements include installation of solar panels for operating efficiency
  • NOI: ±$511,000 (±8.5% Cap)

OVERVIEW

±116,000 SF Dollar General & Save A Lot anchored retail center, serving as a primary retail hub for Hazard and surrounding areas. The property boasts a strong historical occupancy, showcasing the property’s viability, tenant retention, and market demand; surge in daytime traffic further underscores Hazard’s regional draw. Limited flat, buildable land in the market constrains new retail supply; CoStar’s data indicates a retail vacancy rate of approximately ±0% within a 20-mile radius.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

8.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Vue Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

520

LAND DETAILS

LAND ACRES

11.1 AC

LAND SF

483,516 SF

ZONING

Commercial

APN/PARCEL ID

086-00-00-040.00,086-00-00-041.00

ASK ABOUT THIS PROPERTY

Josh MillerFriedman Real EstateMore Info
586-202-2340

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Josh MillerFriedman Real EstateMore Info
586-202-2340

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