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217-259 Indian Mound Dr 161,021 SF 84% Leased Retail Building Mount Sterling, KY 40353 $18,491,085 CAD ($114.84 CAD/SF) 8.19% Cap Rate
Investment Highlights
- This shopping center includes national tenants such as JCPenney, Ollie's Bargain Outlet, and Harbor Freight.
Executive Summary
Large shopping center with 20 units and 1136 parking spaces. 90% occupied as of 6/10/19.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,863,949
|
$11.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,863,949
|
$11.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$349,676
|
$2.17
|
| Net Operating Income |
$1,514,273
|
$9.40
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,863,949 |
| Annual Per SF | $11.58 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,863,949 |
| Annual Per SF | $11.58 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $349,676 |
| Annual Per SF | $2.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,514,273 |
| Annual Per SF | $9.40 |
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
161,021 SF
Building Class
C
Year Built
1989
Price
$18,491,085 CAD
Price Per SF
$114.84 CAD
Cap Rate
8.19%
NOI
$1,514,273 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.13
Lot Size
27.45 AC
Zoning
Commercial - Commercial, Retail, Office
Parking
1,036 Spaces (6.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Goody's
- -
- 22,747 SF
- -
- -
- JCPenney
- -
- 50,000 SF
- -
- -
- Little Caesars
- -
- 2,700 SF
- -
- -
- Ollie's Bargain Outlet
- -
- 34,876 SF
- -
- -
- rue21
- -
- 34,168 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Goody's | - | 22,747 SF | - | - | ||
| JCPenney | - | 50,000 SF | - | - | ||
| Little Caesars | - | 2,700 SF | - | - | ||
| Ollie's Bargain Outlet | - | 34,876 SF | - | - | ||
| rue21 | - | 34,168 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Inline, retail, former mattress store. Call owner for rental rate.
End Cap; retail. Call owner for rental rate.
Inline, retail, will be a former Rue21. Call owner for rental rate.
Inline retail. Call owner for rental rate.
| Space | Size | Space Use | Position | Available |
| 221 | 5,830 SF | Retail | In-Line | Now |
| 241A | 7,731 SF | Retail | End Cap | Now |
| 247 | 4,972 SF | Retail | In-Line | Now |
| 259C | 3,425-6,858 SF | Retail | In-Line | Now |
221
| Size |
| 5,830 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
241A
| Size |
| 7,731 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
247
| Size |
| 4,972 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
259C
| Size |
| 3,425-6,858 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
221
| Size | 5,830 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail, former mattress store. Call owner for rental rate.
241A
| Size | 7,731 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
End Cap; retail. Call owner for rental rate.
247
| Size | 4,972 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail, will be a former Rue21. Call owner for rental rate.
259C
| Size | 3,425-6,858 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline retail. Call owner for rental rate.
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 023-40-02-001.00 | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $13,354,672 CAD (2025) |
Property Taxes
Parcel Number
023-40-02-001.00
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$13,354,672 CAD (2025)
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217-259 Indian Mound Dr
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