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Cash-Flowing High-Occupancy Retail Center 900-950 Happy Valley Rd 126,130 SF 89% Leased Retail Building Online Auction Sale Glasgow, KY 42141
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Investors are presented with a high-occupancy neighborhood retail center with long-term in-place leases.
- Anchored by Big Lots, this property features a varied and synergistic tenant mix ideal for investors seeking their next opportunity.
- Area demographics bode well for investors, with an established community and average consumer spending within a 10-mile radius exceeding $416 million.
- Highly visible positioning on Kentucky 90, which sees lofty traffic counts of over 13,200 vehicles per day.
- In a retail-dense area surrounded by other demand drivers, Zaxby's, Chick-fil-A, Dollar General, and McDonald’s, driving in additional traffic.
- New roof installed on approx.. 2/3 of the center (see pics in due diligence folder). 20 Year Roof Warranty included.
EXECUTIVE SUMMARY
Central Center offers buyers a cash-flowing opportunity with the possibility for additional revenue in Glasgow, Kentucky.
900 Happy Valley Road is an expansive commercial center encompassing approximately 126,130 square feet. This single-story property delivers a variety of spacious suites for tenants. Constructed in 1970, the center is well-established within the Glasgow community. 900 Happy Valley Road occupies a 12.6-acre site and provides ample parking with 928 spaces available. Featuring 14 units with a diverse tenant roster, the center is anchored by Big Lots and complemented by additional tenants such as Mighty Dollar, Red Barber Shop, Cash Express, Workout Anytime, PJ College of Cosmetology, among others. Suite sizes range from 600 square feet up to 43,092 square feet. Existing leases are staggered, ensuring ongoing stability for future ownership. This income-generating asset presents buyers with a valuable investment opportunity and the potential for further portfolio enhancement.
Located in Barren County, Glasgow is a city with historical elements and a blend of small-town and urban features. The downtown includes restored historic buildings alongside developed suburban retail and residential areas. Glasgow's location near Bowling Green, Kentucky’s fastest-growing city, home to the General Motors Corvette Assembly Plant and Western Kentucky University, offers access to a range of regional resources. The property is centrally located, allowing buyers to make use of nearby demographics. It is located near Route 3160, offering convenient connections to the surrounding area. The property is also positioned within a retail district that draws shoppers from various locations.
The retail market in Glasgow remains robust, evidenced by a low vacancy rate of 2.2%. Rental rates are increasing, and there are currently no projects under construction, resulting in limited new competition. The area is also well-suited for retail, supported by a growing community and strong consumer spending within a 10-mile radius.
Property tours are available by appointment only. Please contact the listing broker to schedule.
900 Happy Valley Road is an expansive commercial center encompassing approximately 126,130 square feet. This single-story property delivers a variety of spacious suites for tenants. Constructed in 1970, the center is well-established within the Glasgow community. 900 Happy Valley Road occupies a 12.6-acre site and provides ample parking with 928 spaces available. Featuring 14 units with a diverse tenant roster, the center is anchored by Big Lots and complemented by additional tenants such as Mighty Dollar, Red Barber Shop, Cash Express, Workout Anytime, PJ College of Cosmetology, among others. Suite sizes range from 600 square feet up to 43,092 square feet. Existing leases are staggered, ensuring ongoing stability for future ownership. This income-generating asset presents buyers with a valuable investment opportunity and the potential for further portfolio enhancement.
Located in Barren County, Glasgow is a city with historical elements and a blend of small-town and urban features. The downtown includes restored historic buildings alongside developed suburban retail and residential areas. Glasgow's location near Bowling Green, Kentucky’s fastest-growing city, home to the General Motors Corvette Assembly Plant and Western Kentucky University, offers access to a range of regional resources. The property is centrally located, allowing buyers to make use of nearby demographics. It is located near Route 3160, offering convenient connections to the surrounding area. The property is also positioned within a retail district that draws shoppers from various locations.
The retail market in Glasgow remains robust, evidenced by a low vacancy rate of 2.2%. Rental rates are increasing, and there are currently no projects under construction, resulting in limited new competition. The area is also well-suited for retail, supported by a growing community and strong consumer spending within a 10-mile radius.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT 3D TOUR
3D Exterior
DATA ROOM Click Here to Access
- Operating and Financials
- Roof Pics & Roof Warranty
- Purchase Agreement
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Building Size
126,130 SF
Building Class
C
Year Built
1970
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.23
Lot Size
12.60 AC
Parcel Number
79-46
Zoning
COMMERCIAL - Commercial
Parking
928 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
542’ on Pin Oak Lane
AMENITIES
- Signage
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
3,313
16,649
22,011
2020 Population
3,314
16,376
21,957
2029 Population
3,368
16,980
22,392
2024-2029 Projected Population Growth
1.7%
2.0%
1.7%
Daytime Employees
4,407
12,687
13,752
Total Businesses
657
1,578
1,730
Average Household Income
$61,182
$54,867
$58,598
Median Household Income
$47,782
$40,063
$42,405
Total Consumer Spending
$34.2M
$167.3M
$232.4M
Median Age
41.9
40.2
40.9
2024 Households
1,309
6,895
8,964
Percent College Degree or Above
12%
11%
12%
Average Home Value
$169,083
$173,961
$188,308
$ values in USD
NEARBY MAJOR RETAILERS
SALE ADVISORS
SALE ADVISORS
Connor Hobbs, Investment Sales and Leasing
Connor Hobbs was born and raised in Louisville, Kentucky and is a graduate of the University of Kentucky’s class of 2015. Connor specializes in advising buyers, sellers, landlords and tenants in the leasing, acquisition, disposition, and development of retail and industrial assets. He has a proven track record of securing prime locations for national brands such as Starbucks, Tropical Smoothie Cafe, Qdoba, Huey Magoo's Chicken Tenders, Activate Games, and a diverse mix of restaurants and retailers, along with various companies within the industrial asset class.
Frederick Rupp, Investment Sales and Leasing
Frederick Rupp joined White Oak Commercial Real Estate in January 2023. He specializes in advising buyers, sellers, landlords, and tenants in the leasing and acquisition of retail, industrial, and office assets.
A native of Lexington, KY, Frederick graduated from the University of Kentucky in 2019 with a Bachelor of Business Administration degree. Upon graduating, Frederick spent three years working for UK Athletics as a Development Coordinator in the K Fund. Here, he had the privilege to connect and collaborate with a diverse group of donors, season ticket holders, and industry professionals.
Frederick is an avid sports fan and enjoys watching all-things Kentucky and the New York Yankees. He enjoys time with family, friends, and being outside, especially on the golf course. Frederick also coaches middle school basketball at Lexington Christian Academy.
A native of Lexington, KY, Frederick graduated from the University of Kentucky in 2019 with a Bachelor of Business Administration degree. Upon graduating, Frederick spent three years working for UK Athletics as a Development Coordinator in the K Fund. Here, he had the privilege to connect and collaborate with a diverse group of donors, season ticket holders, and industry professionals.
Frederick is an avid sports fan and enjoys watching all-things Kentucky and the New York Yankees. He enjoys time with family, friends, and being outside, especially on the golf course. Frederick also coaches middle school basketball at Lexington Christian Academy.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Samantha Corbat RE Brkr 281541; Arlene Richardson Auctioneer 274628
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Cash-Flowing High-Occupancy Retail Center | 900-950 Happy Valley Rd
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