Shopping Strip

Kyova Square

1059 Cedar Knoll Drive, Ashland, KY 41102

Listing Price: $1,137,350

Cap Rate
8.50%
Gross SF
16,000
Rentable SF
16,000
Price/Gross SF
$71.08
Lot Size
1.29 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Kyova Square located in Ashland Kentucky. The subject property is a 16,000-square-foot Dollar Tree anchored shopping center with upside potential. Kyova Square is being offered for $1,137,350.

Investment Highlights

  • 16,000-Square-Foot Dollar Tree Anchored Shopping Center with Upside Potential
  • Dollar Tree Has Been Tenant Since 2009 and Recently Signed Option As-Is with no Rent Increase Negotiations
  • Offered at Eight and a Half Percent Cap Rate on Current Income at 62.5 Percent Occupancy; Stabilized Cap Rate of 12.55 Percent Based on Conservative Market Rent Estimates
  • Located in Ashland, Kentucky – Largest Urban Area in Eastern Kentucky and Part of the Huntington-Ashland MSA with Over 360,000 Residents
  • Situated at Intersection with Direct Frontage and Access from Route 60 (26,899 Vehicles Per Day)
  • Across From Rural King; Next Closest Location is 25 Miles Away
  • Supportive Demographics of 21,972 Residents Within Five Miles and Average Household Income of $67,877

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

Listing Price: $1,137,350

Cap Rate
8.50%
Gross SF
16,000
Rentable SF
16,000
Price/Gross SF
$71.08
Lot Size
1.29 acres
Year Built
2009

Investment Highlights

  • 16,000-Square-Foot Dollar Tree Anchored Shopping Center with Upside Potential
  • Dollar Tree Has Been Tenant Since 2009 and Recently Signed Option As-Is with no Rent Increase Negotiations
  • Offered at Eight and a Half Percent Cap Rate on Current Income at 62.5 Percent Occupancy; Stabilized Cap Rate of 12.55 Percent Based on Conservative Market Rent Estimates
  • Located in Ashland, Kentucky – Largest Urban Area in Eastern Kentucky and Part of the Huntington-Ashland MSA with Over 360,000 Residents
  • Situated at Intersection with Direct Frontage and Access from Route 60 (26,899 Vehicles Per Day)
  • Across From Rural King; Next Closest Location is 25 Miles Away
  • Supportive Demographics of 21,972 Residents Within Five Miles and Average Household Income of $67,877

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Kyova Square located in Ashland Kentucky. The subject property is a 16,000-square-foot Dollar Tree anchored shopping center with upside potential. Kyova Square is being offered for $1,137,350.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KY: 242197

    Kentucky

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