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Shopping Strip

Aspen Dental Strip Center | Southeastern Kentucky | 100% Occupied NNN Leases

1238 12th St, Middlesboro (Southeastern KY), KY 40965

Listing Price: $2,704,086

Cap Rate
7.00%
Gross SF
7,466
Rentable SF
7,466
Price/Gross SF
$362.19
Lot Size
1.96 acres
Year Built
2017

Investment Overview

Middlesboro is a city in Bell County, Kentucky. It is located 1 mile west of the Cumberland Gap and is the largest city in southeastern Kentucky, located entirely between Pine Mountain and the Cumberland Mountains in the Middlesboro Basin, an enormous meteorite crater (one of three known astroblemes in the state). The city claims to be the only one in the United States built entirely inside such a crater. Middlesboro is home to Middlesboro Mall, the only enclosed shopping mall in the area. The area also features Middlesboro Crossing, a recently constructed strip mall on the north end of the city. Middlesboro is served by the Middlesboro-Bell County Airport, which is a single runway, general aviation airport and is the second oldest airport still in use in Kentucky, ranking behind Bowman Field in Louisville. It serves as the home for 26 aircraft and more than 18,000 operations annually. Modern industries include tanning, food processing, and the manufacture of plastic pipe, elastic webbing, and apparel. The oldest continuously played golf course in the United States is located there, and the city is a tourist gateway to Cumberland Gap National Historic Park to the east. Kentucky Ridge State Forest is north, and Fern Lake, with a wild-game sanctuary, is south.

Investment Highlights

  • 100% Occupied 4-Tenant Strip with a Synergistic Mix of National Tenants on NNN Leases. Site Feat. a Drive-Thru Pick-Up Window for Domino's. 2017 Construction with a 15-Year Roof Warranty In-Place.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility near a Signalized Intersection to Daily Combined Traffic Counts Exceeding 34k Vehicles.
  • Directly Across from a Walmart Supercenter - Ranked top 20% in the Chain Nationwide. Near other Numerous National Retailers including Kroger, Save-a-Lot, Big Lots, Food City, Tractor Supply and more.
  • Strong Retail Trade Area Bringing a Regional Draw from nearby Neighboring States of Tennessee and Virginia.
  • Across from Middlesboro Mall - The 26+ Store Mall is an important Retail Center for the Large Rural Area in the mountains of eastern Kentucky and nearby States.
  • Minutes from Middlesboro Bell County Airport - a General Aviation Airport and 2nd Oldest Airport still in use in Kentucky. It Serves as the Home for 26 Aircrafts and more than 18k Operations Annually.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Shopping Strip

Aspen Dental Strip Center | Southeastern Kentucky | 100% Occupied NNN Leases

Listing Price: $2,704,086

Cap Rate
7.00%
Gross SF
7,466
Rentable SF
7,466
Price/Gross SF
$362.19
Lot Size
1.96 acres
Year Built
2017

Investment Highlights

  • 100% Occupied 4-Tenant Strip with a Synergistic Mix of National Tenants on NNN Leases. Site Feat. a Drive-Thru Pick-Up Window for Domino's. 2017 Construction with a 15-Year Roof Warranty In-Place.
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access and Excellent Visibility near a Signalized Intersection to Daily Combined Traffic Counts Exceeding 34k Vehicles.
  • Directly Across from a Walmart Supercenter - Ranked top 20% in the Chain Nationwide. Near other Numerous National Retailers including Kroger, Save-a-Lot, Big Lots, Food City, Tractor Supply and more.
  • Strong Retail Trade Area Bringing a Regional Draw from nearby Neighboring States of Tennessee and Virginia.
  • Across from Middlesboro Mall - The 26+ Store Mall is an important Retail Center for the Large Rural Area in the mountains of eastern Kentucky and nearby States.
  • Minutes from Middlesboro Bell County Airport - a General Aviation Airport and 2nd Oldest Airport still in use in Kentucky. It Serves as the Home for 26 Aircrafts and more than 18k Operations Annually.

Investment Overview

Middlesboro is a city in Bell County, Kentucky. It is located 1 mile west of the Cumberland Gap and is the largest city in southeastern Kentucky, located entirely between Pine Mountain and the Cumberland Mountains in the Middlesboro Basin, an enormous meteorite crater (one of three known astroblemes in the state). The city claims to be the only one in the United States built entirely inside such a crater. Middlesboro is home to Middlesboro Mall, the only enclosed shopping mall in the area. The area also features Middlesboro Crossing, a recently constructed strip mall on the north end of the city. Middlesboro is served by the Middlesboro-Bell County Airport, which is a single runway, general aviation airport and is the second oldest airport still in use in Kentucky, ranking behind Bowman Field in Louisville. It serves as the home for 26 aircraft and more than 18,000 operations annually. Modern industries include tanning, food processing, and the manufacture of plastic pipe, elastic webbing, and apparel. The oldest continuously played golf course in the United States is located there, and the city is a tourist gateway to Cumberland Gap National Historic Park to the east. Kentucky Ridge State Forest is north, and Fern Lake, with a wild-game sanctuary, is south.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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