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Food Lion 1224 Old Gallatin Rd 31,800 SF 100% Leased Retail Building Scottsville, KY 42164 $3,950,000 ($124.21/SF) 6.75% Cap Rate
Investment Highlights
- Consistent daily traffic
- Surrounding national retail tenants
Executive Summary
Scottsville Shopping Center, a ±31,800 SF grocery-anchored shopping center located along Gallatin Road in Scottsville, KY, the commercial hub for Allen County. The property is anchored by Food Lion, which has operated at the site for over three decades and recently completed a 10-year lease renewal through 2033.
Strategically positioned between Bowling Green and Nashville, the center benefits from strong regional connectivity, consistent daily traffic, and surrounding national retail including Tractor Supply, Dollar General, Family Dollar, McDonald’s, Sonic, and Advance Auto Parts.
Scottsville Shopping Center offers investors stable grocery-anchored cash flow supported by a top-performing Food Lion, which ranks as the #1 most visited Food Lion in Kentucky according to Placer.ai, along with recent significant capital improvements that minimize near-term capital requirements.
Strategically positioned between Bowling Green and Nashville, the center benefits from strong regional connectivity, consistent daily traffic, and surrounding national retail including Tractor Supply, Dollar General, Family Dollar, McDonald’s, Sonic, and Advance Auto Parts.
Scottsville Shopping Center offers investors stable grocery-anchored cash flow supported by a top-performing Food Lion, which ranks as the #1 most visited Food Lion in Kentucky according to Placer.ai, along with recent significant capital improvements that minimize near-term capital requirements.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
31,800 SF
Building Class
B
Year Built/Renovated
1993/2024
Price
$3,950,000
Price Per SF
$124.21
Cap Rate
6.75%
NOI
$266,572
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
3.54 AC
Frontage
295’ on Old Gallatin
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5-4-7 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,000,000 |
Property Taxes
Parcel Number
5-4-7
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,000,000
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Food Lion | 1224 Old Gallatin Rd
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