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Shopping Regional

Glyn View Plaza | Prestonsburg, KY

81 Glynview Plaza, Prestonsburg, KY 41653

Listing Price: $3,410,000

Cap Rate
10.00%
Gross SF
69,976
Rentable SF
69,976
Price/Gross SF
$48.73
Lot Size
12.10 acres
Year Built
1985

Investment Overview

GLYNVIEW PLAZA | GROCERY-ANCHORED VALUE-ADD OPPORTUNITY
• The subject property is a 69,976 SF grocery-anchored shopping center in Prestonsburg, KY
• The center is anchored by a Super Dollar, a concept by Food City (Food City guarantee with 155 locations)
• The subject property is a leasehold interest with 27 years remaining
• Priced well below replacement cost $48.73
• Average Rent: $5.85

HIGH-PERFORMING GROCERY-ANCHORED TENANT FOOD CITY-BACKED (155 LOCATIONS)
• Super Dollar has occupied the site for nearly 40 years
• Backed by Food City, a strong regional grocery operator with 155+ locations across the Southeast
• Health Ratio: 2.2%
• 2024 Sales: $6.39M

STRATEGIC INTERSTATE LOCATION
• Prestonsburg serves as a regional hub in Eastern Kentucky with strong retail fundamentals
• The center is located near major national retailers, including Walmart, Lowe’s, and more
• Convenient access to US-23 and KY-114 drives consistent visibility and accessibility

HISTORY OF STRONG PERFORMANCE
• Average tenant tenure: 15+ years
• Nine tenants have exercised options to renew since 2023

PRESTONSBURG, KY
• Prestonsburg is a charming Appalachian town nestled in the foothills of Eastern Kentucky
• Located along the Levisa Fork of the Big Sandy River, offering scenic mountain views and outdoor recreation

Investment Highlights

  • Glynview Plaza | Grocery- Anchored Value- Add Opportunity
  • High-Performing Grocery- Anchored Tenant Food City-Backed (155 Locations)
  • Strategic Interstate Location
  • History Of Strong Performance
  • Prestonsburg, KY

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Shopping Regional

Glyn View Plaza | Prestonsburg, KY

Listing Price: $3,410,000

Cap Rate
10.00%
Gross SF
69,976
Rentable SF
69,976
Price/Gross SF
$48.73
Lot Size
12.10 acres
Year Built
1985

Investment Highlights

  • Glynview Plaza | Grocery- Anchored Value- Add Opportunity
  • High-Performing Grocery- Anchored Tenant Food City-Backed (155 Locations)
  • Strategic Interstate Location
  • History Of Strong Performance
  • Prestonsburg, KY

Investment Overview

GLYNVIEW PLAZA | GROCERY-ANCHORED VALUE-ADD OPPORTUNITY • The subject property is a 69,976 SF grocery-anchored shopping center in Prestonsburg, KY • The center is anchored by a Super Dollar, a concept by Food City (Food City guarantee with 155 locations) • The subject property is a leasehold interest with 27 years remaining • Priced well below replacement cost $48.73 • Average Rent: $5.85 HIGH-PERFORMING GROCERY-ANCHORED TENANT FOOD CITY-BACKED (155 LOCATIONS) • Super Dollar has occupied the site for nearly 40 years • Backed by Food City, a strong regional grocery operator with 155+ locations across the Southeast • Health Ratio: 2.2% • 2024 Sales: $6.39M STRATEGIC INTERSTATE LOCATION • Prestonsburg serves as a regional hub in Eastern Kentucky with strong retail fundamentals • The center is located near major national retailers, including Walmart, Lowe’s, and more • Convenient access to US-23 and KY-114 drives consistent visibility and accessibility HISTORY OF STRONG PERFORMANCE • Average tenant tenure: 15+ years • Nine tenants have exercised options to renew since 2023 PRESTONSBURG, KY • Prestonsburg is a charming Appalachian town nestled in the foothills of Eastern Kentucky • Located along the Levisa Fork of the Big Sandy River, offering scenic mountain views and outdoor recreation

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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