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Wesleyan Kroger Outparcel 2804 Frederica St 5,879 SF 100% Leased Retail Building Owensboro, KY 42301 $2,237,000 ($380.51/SF) 7% Cap Rate
Investment Highlights
- Brand New Development | Stabilized with Long-Term NNN Leases
- Outparcel to Kroger Grocery Anchored Center | Kroger Averages 1.4 Million Visits Per Year
- 12 Minutes Away to Owensboro Health Regional Hospital
- Prominent Retail Center Located Along Frederica Street, Owensboro’s Primary Commercial Corridor | Excellent Visibility & Frontage
- Subject Property is 1/2 Mile to Kentucky Wesleyan College | 700+ Students Yearly
- 9 Minutes to Owensboro-Daviess County Regional Airport
Executive Summary
Brand New Development | Stabilized with Long-Term NNN Leases
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,879 SF
Building Class
C
Year Built
2021
Price
$2,237,000
Price Per SF
$380.51
Cap Rate
7%
NOI
$156,572
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.59 AC
Frontage
151’ on Frederica Street
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-16-06-023-00-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,228,600 |
Property Taxes
Parcel Number
004-16-06-023-00-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,228,600
Contacts
-
Deno Bistolarides -
Evan Lyons -
Michael West -
Encore Real Estate Investment Services
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
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Wesleyan Kroger Outparcel | 2804 Frederica St
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