Log In/Sign Up
Your email has been sent.
2911 S Highway 27 3,509 SF Retail Building Somerset, KY 42501 $2,703,333 CAD ($770.40 CAD/SF) 5.79% Cap Rate
Investment Highlights
- SINGLE TENANT ASPEN DENTAL LOCATION: 3,509-SF on a 0.79 acre lot with 25 parking spaces
- RENTAL INCREASES IN EACH OPTION: Rental increase coming in 2029 and 8% rental increases in each of four, 5-year renewal options.
- 4 MILES FROM LAKE CUMBERLAND: Lake Cumberland is a major boating and outdoor recreation destination in Kentucky attracting 4 million annual visitors.
- DOUBLE NET LEASE: 2014 renovations with over 8 years remaining on the original NN lease. Landlord responsible for roof, structure & HVAC replacement
- HIGH VISIBILITY LOCATION: Outparcel to shopping center with lighted pylon sign and easy access from all traffic directions. Three points of ingress an
- DENSE RETAIL HUB: Located near multiple national tenants including Hobby Lobby, TJ Maxx, Tractor Supply, Ollie’s, Planet Fitness, Dunham’s and more
Executive Summary
Dense Retail Corridor | Proximity to Lake Cumberland Area
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,509 SF
Building Class
C
Year Built/Renovated
1990/2014
Price
$2,703,333 CAD
Price Per SF
$770.40 CAD
Cap Rate
5.79%
NOI
$156,411 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.79 AC
Zoning
B-2, Highway Business - Business District
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- 3,509 SF
- $48.54 CAD
- Double Net
- Jul 2034
Chez Aspen Dental, ils se consacrent à fournir à un plus grand nombre de personnes les soins dentaires dont elles ont besoin, au moment où elles en ont besoin. Depuis 1998, ils ont une mission à Aspen Dental : s'assurer qu'un plus grand nombre d'Américains aient accès à des soins dentaires de qualité.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 3,509 SF | $48.54 CAD | Double Net | Jul 2034 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 062-1-0-52 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,133,496 CAD | Total Assessment | $2,133,496 CAD |
Property Taxes
Parcel Number
062-1-0-52
Land Assessment
$2,133,496 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,133,496 CAD
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2911 S Highway 27
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.