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Shopping Strip

Pikeville Plaza

276 Cassidy Blvd, Pikeville, KY 41501

Listing Price: $4,142,000

Cap Rate
7.00%
Gross SF
20,940
Rentable SF
20,940
Price/Gross SF
$197.80
Lot Size
1.52 acres
Year Built
2001

Investment Overview

Pikeville Plaza is a 20,940-square-foot, multi-tenant retail center that is shadow-anchored by a high performing Walmart Supercenter in Pikeville, Kentucky. The building is currently 100 percent occupied, and all leases are triple net. The center is anchored by Dollar Tree and has a complementary mix of primarily national tenants including Advance America, Great Clips, World Finance, Cosmo Prof, and OP Nails & Spa. The building was constructed in 2001 and is situated on a 1.52-acre parcel with ample parking. The roof is metal, providing minimal maintenance for the landlord. Pikeville Plaza is located on Cassidy Boulevard near the intersection of Thompson Road and Cassidy Boulevard. Traffic counts along North Mayo Trail exceed 21,500 vehicles per day. The center is shadow anchored by the second top performing Walmart Supercenter in the state of Kentucky with more than 2.7 million visitors per year and near numerous national retailers including Lowe's, Food City, Aaron's, Tractor Supply Co., Buffalo Wild Wings, Applebee's, GNC, Ulta Beauty, Maurices, Petco Dollar General, Rack Room Shoes, Aspen Dental, Rent-A-Center, Marshalls, and many more. The surrounding area has an affluent population with an average household income of $111,721 within one mile of the subject property.

Investment Highlights

  • 20,940-Square-Foot, Walmart Shadow-Anchored Retail Center | Named a Top 10 Performing Walmart Supercenter in Kentucky | Major Traffic Driver to the Area with an Estimated 2.7 Million Visitors Annually
  • 100% Occupied | All Leases are Triple-Net
  • Anchored by Dollar Tree | Strong Tenant Base Comprised of National Retailers
  • Located in the City's Primary Retail Trade Area Along Thompson Road
  • Surrounding Area Experiencing Growth | Near a Newly Constructed 200,000-Square-Foot Shopping Center and 90-Unit Apartment Complex

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Listing Price: $4,142,000

Cap Rate
7.00%
Gross SF
20,940
Rentable SF
20,940
Price/Gross SF
$197.80
Lot Size
1.52 acres
Year Built
2001

Investment Highlights

  • 20,940-Square-Foot, Walmart Shadow-Anchored Retail Center | Named a Top 10 Performing Walmart Supercenter in Kentucky | Major Traffic Driver to the Area with an Estimated 2.7 Million Visitors Annually
  • 100% Occupied | All Leases are Triple-Net
  • Anchored by Dollar Tree | Strong Tenant Base Comprised of National Retailers
  • Located in the City's Primary Retail Trade Area Along Thompson Road
  • Surrounding Area Experiencing Growth | Near a Newly Constructed 200,000-Square-Foot Shopping Center and 90-Unit Apartment Complex

Investment Overview

Pikeville Plaza is a 20,940-square-foot, multi-tenant retail center that is shadow-anchored by a high performing Walmart Supercenter in Pikeville, Kentucky. The building is currently 100 percent occupied, and all leases are triple net. The center is anchored by Dollar Tree and has a complementary mix of primarily national tenants including Advance America, Great Clips, World Finance, Cosmo Prof, and OP Nails & Spa. The building was constructed in 2001 and is situated on a 1.52-acre parcel with ample parking. The roof is metal, providing minimal maintenance for the landlord. Pikeville Plaza is located on Cassidy Boulevard near the intersection of Thompson Road and Cassidy Boulevard. Traffic counts along North Mayo Trail exceed 21,500 vehicles per day. The center is shadow anchored by the second top performing Walmart Supercenter in the state of Kentucky with more than 2.7 million visitors per year and near numerous national retailers including Lowe's, Food City, Aaron's, Tractor Supply Co., Buffalo Wild Wings, Applebee's, GNC, Ulta Beauty, Maurices, Petco Dollar General, Rack Room Shoes, Aspen Dental, Rent-A-Center, Marshalls, and many more. The surrounding area has an affluent population with an average household income of $111,721 within one mile of the subject property.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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