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2911 S Highway 27
Somerset, KY 42501
Retail Property For Sale
Investment Highlights
- SINGLE TENANT ASPEN DENTAL LOCATION: 3,509-SF on a 0.79 acre lot with 25 parking spaces
- RENTAL INCREASES IN EACH OPTION: Rental increase coming in 2029 and 8% rental increases in each of four, 5-year renewal options.
- 4 MILES FROM LAKE CUMBERLAND: Lake Cumberland is a major boating and outdoor recreation destination in Kentucky attracting 4 million annual visitors.
- DOUBLE NET LEASE: 2014 renovations with over 8 years remaining on the original NN lease. Landlord responsible for roof, structure & HVAC replacement
- HIGH VISIBILITY LOCATION: Outparcel to shopping center with lighted pylon sign and easy access from all traffic directions. Three points of ingress an
- DENSE RETAIL HUB: Located near multiple national tenants including Hobby Lobby, TJ Maxx, Tractor Supply, Ollie’s, Planet Fitness, Dunham’s and more
Executive Summary
Dense Retail Corridor | Proximity to Lake Cumberland Area
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,509 SF
Building Class
C
Year Built/Renovated
1990/2014
Price
$1,944,984
Price Per SF
$554.28
Cap Rate
5.79%
NOI
$112,534
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.79 AC
Zoning
B-2, Highway Business - Business District
Parking
45 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 062-1-0-52 | Improvements Assessment | $0 |
| Land Assessment | $1,535,000 | Total Assessment | $1,535,000 |
Property Taxes
Parcel Number
062-1-0-52
Land Assessment
$1,535,000
Improvements Assessment
$0
Total Assessment
$1,535,000
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