Shopping Regional
Melody Mountain
469 River Hill Dr, Ashland, KY 41101
Listing Price: $11,180,000
Cap Rate
8.25%
Gross SF
65,525
Rentable SF
65,525
Price/Gross SF
$170.62
Lot Size
5.20 acres
Year Built
2013
Investment Overview
Marcus & Millichap is pleased to present for sale Melody Mountain, located in Ashland, Kentucky.
Melody Mountain
Investment Highlights
- 100 Percent Occupied, 65,525-Square-Foot Regional Retail Center Anchored by National Credit Tenants DICK'S Sporting Goods and PetSmart
- Durable Cash Flow Profile |Weighted Average Lease Term of 4.2 Years with Long-Term PetSmart Lease Extending Through 2038
- Shadowed by Top 6 Percent WM in the US - Over 3.2 Million Annual Visits; Top Seven Percent in the State and Ranked #1 in the Immediate Area
- National Tenant Lineup Represents 100 Percent of Gross Leasable Area | DICK'S Sporting Goods, PetSmart, OneMain Financial, and Great Clips
- 95 Percent of Gross Leasable Area Occupied by Original Tenants - Tenure of Over 13 Years
- Neighboring Ashland Town Center Shop Rents - $70-$100 per Square Foot and Triple-Net's -Tenured Tenants in Place for Over 10 Years
Listing Price: $11,180,000
Cap Rate
8.25%
Gross SF
65,525
Rentable SF
65,525
Price/Gross SF
$170.62
Lot Size
5.20 acres
Year Built
2013
Investment Highlights
- 100 Percent Occupied, 65,525-Square-Foot Regional Retail Center Anchored by National Credit Tenants DICK'S Sporting Goods and PetSmart
- Durable Cash Flow Profile |Weighted Average Lease Term of 4.2 Years with Long-Term PetSmart Lease Extending Through 2038
- Shadowed by Top 6 Percent WM in the US - Over 3.2 Million Annual Visits; Top Seven Percent in the State and Ranked #1 in the Immediate Area
- National Tenant Lineup Represents 100 Percent of Gross Leasable Area | DICK'S Sporting Goods, PetSmart, OneMain Financial, and Great Clips
- 95 Percent of Gross Leasable Area Occupied by Original Tenants - Tenure of Over 13 Years
- Neighboring Ashland Town Center Shop Rents - $70-$100 per Square Foot and Triple-Net's -Tenured Tenants in Place for Over 10 Years
Investment Overview
Marcus & Millichap is pleased to present for sale Melody Mountain, located in Ashland, Kentucky.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
