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Shopping Strip

Westview Shopping Center

700 Burkesville Rd, Albany, KY 42602

Listing Price: $2,091,000

Cap Rate
8.75%
Gross SF
39,161
Rentable SF
39,161
Price/Gross SF
$53.39
Lot Size
6.60 acres
Year Built
1988

Investment Overview

WESTVIEW SHOPPING CENTER
• The subject property is a 39,161 square foot grocery anchored center in Albany, KY
• Westview Shopping Center is anchored by IGA Hometown Grocery which is 60% of the GLA
• Priced below replacement cost: $55.41/SF
• Average Rent: $5.13
• WALT: 4.2 Years

IGA GROCERY STORE
• Westview Shopping Center has been anchored by IGA Hometown Grocery since the center was built in 1988
• 5 Years of remaining term
• Rent: $4.53
• IGA was founded in 1926 and is the largest independent grocery chain in the world with over 763 locations across 38 states in the US
• IGA spans across 41 other countries and has over 6,000 stores worldwide
• IGA is the #1 most visited grocery store in a 30 mile radius

ALBANY, KY
• Albany is a home rule-class city that is the county seat of Clinton County, KY
• Located 8 miles north of the Tennessee border, 133 miles northeast of Nashville, and 117 miles northwest of Knoxville
• The town is famous for being the home of Lake Cumberland and Dale Hollow Lake, with over 2,000 miles of shoreline for fishing, lake accommodations, and water recreation
• Albany’s economy is driven by Agriculture, manufacturing, and tourism.

Investment Highlights

  • Westview Shopping Center
  • IGA Grocery Store
  • Albany, KY

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Shopping Strip

Westview Shopping Center

Listing Price: $2,091,000

Cap Rate
8.75%
Gross SF
39,161
Rentable SF
39,161
Price/Gross SF
$53.39
Lot Size
6.60 acres
Year Built
1988

Investment Highlights

  • Westview Shopping Center
  • IGA Grocery Store
  • Albany, KY

Investment Overview

WESTVIEW SHOPPING CENTER • The subject property is a 39,161 square foot grocery anchored center in Albany, KY • Westview Shopping Center is anchored by IGA Hometown Grocery which is 60% of the GLA • Priced below replacement cost: $55.41/SF • Average Rent: $5.13 • WALT: 4.2 Years IGA GROCERY STORE • Westview Shopping Center has been anchored by IGA Hometown Grocery since the center was built in 1988 • 5 Years of remaining term • Rent: $4.53 • IGA was founded in 1926 and is the largest independent grocery chain in the world with over 763 locations across 38 states in the US • IGA spans across 41 other countries and has over 6,000 stores worldwide • IGA is the #1 most visited grocery store in a 30 mile radius ALBANY, KY • Albany is a home rule-class city that is the county seat of Clinton County, KY • Located 8 miles north of the Tennessee border, 133 miles northeast of Nashville, and 117 miles northwest of Knoxville • The town is famous for being the home of Lake Cumberland and Dale Hollow Lake, with over 2,000 miles of shoreline for fishing, lake accommodations, and water recreation • Albany’s economy is driven by Agriculture, manufacturing, and tourism.

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

Financing By

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