Shopping Strip

London Station Shopping Center

Listing Price: $5,335,000

Cap Rate
7.50%
Gross SF
24,287
Rentable SF
24,287
Price/Gross SF
$219.66
Lot Size
2.23 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in London Station Shopping Center. London Station is a 24,287 sf strip center located on the busy Highway 192 commercial corridor in London, KY. The corridor is densely lined with a wide variety of retail, hospitality, restaurant, and other commercial uses. It is also easily accessible from I-75, located only 3/4 of a mile to the center's west. The London retail market is the highest concentration of product (in excess of 2M sf) between Lexington and Knoxville on the I-75 corridor. The property is directly across from the Brixmor-owned London Marketplace , which is anchored by Kroger, Kohl's, Marshalls, Planet Fitness, and Burkes Outlet. A free-standing Lowe's is adjacent to London Marketplace. London Shopping Center, anchored by Tractor Supply, Gordmans, Goodys, and Shoe Sensation is just west of the subject property. The London SuperWalmart Center is just over a half-mile northwest. The Regency Cinemas are nearby as well. Traffic counts along Highway 192 average 27,515 VPD. The old KMart that was in London Marketplace was backfilled in fairly short order by Kohls, Marshalls, Five Below and Planet Fitness. The backfill effort was so successful, in fact, that Brixmor is holding the asset in their portfolio despite the company's business plan to divest itself of smaller-market assets.

Investment Highlights

  • Stabilized strip center in strong market (only 3.2% market vacancy)
  • 27,515 VPD traffic count is outstanding
  • Strong rent roll (four national tenants + two well-regarded local tenants)

Exclusively Listed By

Shopping Strip

London Station Shopping Center

Listing Price: $5,335,000

Cap Rate
7.50%
Gross SF
24,287
Rentable SF
24,287
Price/Gross SF
$219.66
Lot Size
2.23 acres
Year Built
2008

Investment Highlights

  • Stabilized strip center in strong market (only 3.2% market vacancy)
  • 27,515 VPD traffic count is outstanding
  • Strong rent roll (four national tenants + two well-regarded local tenants)

Investment Overview

Marcus & Millichap is pleased to offer the fee simple interest in London Station Shopping Center. London Station is a 24,287 sf strip center located on the busy Highway 192 commercial corridor in London, KY. The corridor is densely lined with a wide variety of retail, hospitality, restaurant, and other commercial uses. It is also easily accessible from I-75, located only 3/4 of a mile to the center's west. The London retail market is the highest concentration of product (in excess of 2M sf) between Lexington and Knoxville on the I-75 corridor. The property is directly across from the Brixmor-owned London Marketplace , which is anchored by Kroger, Kohl's, Marshalls, Planet Fitness, and Burkes Outlet. A free-standing Lowe's is adjacent to London Marketplace. London Shopping Center, anchored by Tractor Supply, Gordmans, Goodys, and Shoe Sensation is just west of the subject property. The London SuperWalmart Center is just over a half-mile northwest. The Regency Cinemas are nearby as well. Traffic counts along Highway 192 average 27,515 VPD. The old KMart that was in London Marketplace was backfilled in fairly short order by Kohls, Marshalls, Five Below and Planet Fitness. The backfill effort was so successful, in fact, that Brixmor is holding the asset in their portfolio despite the company's business plan to divest itself of smaller-market assets.

Exclusively Listed By

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