Investment Overview

Marcus & Millichap is pleased to present the investment opportunity at 303 Lee Clay Avenue (the Property), encompassing 14,617 square feet. The Property is leased to Houchens Industries Inc., a Save A Lot franchisee, under a double-net lease with more than four years left. Since its construction in 1998, Save A Lot has been the sole tenant. Located on a spacious 1.80-acre lot, this retail asset aligns with Clearfield Road and is just a short distance from West Wilkinson Boulevard, a bustling retail corridor. Adjacent to the property is a Shell gas station, and directly opposite, you’ll find ADM Auto Sales, a used car dealership. The Grace Fellowship of Morehead church is also nearby, less than half a mile north on Clearfield Road. Only a mile away is the St. Claire Regional Medical Center, a 130-bed facility on Old Flemingsburg Road, flanked by fast-food giants like McDonald’s and Taco Bell. Within a one-mile radius are two USPS offices, enhancing the location’s accessibility. Morehead State University is less than two miles to the north with Delta Tau Delta, a fraternity house, within a four-minute walking distance, adding to the area’s vibrant community. The surrounding area within a two-mile radius boasts a plethora of national tenants, including Walgreens, BP, NAPA Auto Parts, Buffalo Wild Wings, Wendy’s, Fazoli’s, Jimmy John’s, Sonic Drive-In, KFC, Dairy Queen, Dollar General, Long John Silver’s, and others, highlighting the strong commercial appeal of this location.