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5220 Frederica St 11,830 SF 100% Leased Retail Building Owensboro, KY 42301 $4,977,000 CAD ($420.71 CAD/SF) 6.88% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime investment opportunity in the heart of Owensboro's bustling retail corridor.
- Frederica Street seeing over 22,000 vehicles per day
- 100% occupancy since its inception
EXECUTIVE SUMMARY
Prime Commercial Investment Opportunity in Owensboro, KY
Located at 5220 Frederica Street in the heart of Owensboro’s bustling retail corridor, this 11,830-square-foot retail center is a standout investment opportunity. Built in 2011, the property has maintained 100% occupancy since its inception, with all tenants on triple net (NNN) leases, ensuring minimal landlord responsibilities. Situated on a 1.331-acre lot, this center enjoys exceptional visibility and high traffic counts, with Frederica Street seeing over 22,000 vehicles per day. Surrounded by major national retailers like Target, Walmart, Sam’s Club, and Best Buy, as well as popular dining establishments such as Chick-fil-A, Olive Garden, and Texas Roadhouse, the location is a magnet for shoppers and diners alike. With strong tenant performance, stable income, and a location in a thriving commercial hub, this property is a secure and lucrative addition to any investment portfolio. CAM FEES are not included in rent; current tenants pay EXTRA $30,000 annually for CAM FEES. Don’t miss out on this rare opportunity—contact me today to learn more at
270-313-3843
Seller is firm on price with little to no room for negotiation—serious inquires only!
Located at 5220 Frederica Street in the heart of Owensboro’s bustling retail corridor, this 11,830-square-foot retail center is a standout investment opportunity. Built in 2011, the property has maintained 100% occupancy since its inception, with all tenants on triple net (NNN) leases, ensuring minimal landlord responsibilities. Situated on a 1.331-acre lot, this center enjoys exceptional visibility and high traffic counts, with Frederica Street seeing over 22,000 vehicles per day. Surrounded by major national retailers like Target, Walmart, Sam’s Club, and Best Buy, as well as popular dining establishments such as Chick-fil-A, Olive Garden, and Texas Roadhouse, the location is a magnet for shoppers and diners alike. With strong tenant performance, stable income, and a location in a thriving commercial hub, this property is a secure and lucrative addition to any investment portfolio. CAM FEES are not included in rent; current tenants pay EXTRA $30,000 annually for CAM FEES. Don’t miss out on this rare opportunity—contact me today to learn more at
270-313-3843
Seller is firm on price with little to no room for negotiation—serious inquires only!
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
11,830 SF
Building Class
B
Year Built
2011
Price
$4,977,000 CAD
Price Per SF
$420.71 CAD
Cap Rate
6.88%
NOI
$342,581 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
1.33 AC
Zoning
C - Commercial
Parking
57 Spaces (4.82 Spaces per 1,000 SF Leased)
Frontage
602’ on Frederica Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 004-38-01-005-00-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,151,935 CAD |
PROPERTY TAXES
Parcel Number
004-38-01-005-00-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,151,935 CAD
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5220 Frederica St
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