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181 Highway 44 E
Shepherdsville, KY 40165
Crown Point Plaza · Retail Property For Sale
Investment Highlights
- The property provides a healthy tenant mix of national and local operators ranging from financial services to medical users.
- Crown Point Plaza is a 100% occupied multi-tenant retail strip center located in the heart of Shepherdsville's retail corridor.
- The center is located on KY-44 near major retail users like Kroger, Walmart, Lowes, and more.
Executive Summary
Crown Point Plaza is a 100% occupied multi-tenant retail strip center located in the heart of Shepherdsville's retail corridor
Existing leases in place provide stabilized income, while also presenting value add opportunities through NNN conversion and annual rental increases
The center is located on KY-44 near major retail users like Kroger, Walmart, Lowes, and more
The property provides a healthy tenant mix of national and local operators ranging from financial services to medical users
Shepherdsville is an emerging industrial market with strong job and population growth due to large investments by Amazon, CRG, STAG, and Rivian
Existing leases in place provide stabilized income, while also presenting value add opportunities through NNN conversion and annual rental increases
The center is located on KY-44 near major retail users like Kroger, Walmart, Lowes, and more
The property provides a healthy tenant mix of national and local operators ranging from financial services to medical users
Shepherdsville is an emerging industrial market with strong job and population growth due to large investments by Amazon, CRG, STAG, and Rivian
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,182 SF
Building Class
B
Year Built
2008
Price
$1,575,000
Price Per SF
$171.53
Cap Rate
7.50%
NOI
$118,125
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.98 AC
Parking
48 Spaces (5.63 Spaces per 1,000 SF Leased)
Frontage
182’ on East 4th Street
Property Taxes
| Parcel Number | 415223 | Improvements Assessment | $750,000 |
| Land Assessment | $400,000 | Total Assessment | $1,150,000 |
Property Taxes
Parcel Number
415223
Land Assessment
$400,000
Improvements Assessment
$750,000
Total Assessment
$1,150,000
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