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100% Occupied Neighborhood Strip Center 5806 Otte Way 4,650 SF 100% Leased Retail Building Bowling Green, KY 42104 $1,696,740 CAD ($364.89 CAD/SF) 4.95% Cap Rate
Investment Highlights
- 100% Leased Neighborhood Strip Center Anchored by State Farm Insurance
- Opportunity for Future Rent Growth upon Lease Renewals
- 33 Parking Spaces
- Constructed in 2022
- Located in South Bowling Green Growth Corridor
- Strong visibility near Scottsville Rd (25,000 ADT)
Executive Summary
5806 Otte Way is a fully occupied office-retail strip center offering 4,650 rentable square feet in a highly desirable area of Bowling Green just off Scottsville Road. The property benefits from strong visibility, convenient access, and a strategic location surrounded by established retail, professional services, and multifamily developments. Currently generating $72,600 in annual rental income, the center provides stable cash flow and a strong presence within one of the city's most active commercial corridors, making it an attractive opportunity for investors seeking a well-positioned income-producing asset.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,650 SF
Building Class
B
Year Built
2022
Price
$1,696,740 CAD
Price Per SF
$364.89 CAD
Cap Rate
4.95%
NOI
$84,048 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.75 AC
Zoning
HB - HB
Parking
33 Spaces (6.67 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Pelicans Snoballs
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- State Farm Insurance Co
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pelicans Snoballs | Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| State Farm Insurance Co | Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 053C-14A-003 | Total Assessment | $1,238,620 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
053C-14A-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,238,620 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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100% Occupied Neighborhood Strip Center | 5806 Otte Way
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