Mayo Plaza 309 - 419 KY-321 238,554 SF 100% Leased Retail Building Paintsville, KY 41240 $19,230,000 ($80.61/SF) 7.75% Cap Rate

Northmarq is pleased to exclusively offer for sale the Mayo Plaza, a ±238,554 SF retail center located in the primary retail corridor of Paintsville, Kentucky, the county seat of Johnson County. The property is anchored by a strong mix of national retailers with long-term leases, including Hobby Lobby, TJ Maxx, Ollie’s Bargain Outlet, Dollar Tree and Five Below. Mayo Plaza features a diverse and complementary tenant mix that spans food, medical, personal services, financial services, apparel, cellular and more, making the center resilient to economic and e-commerce disruption. In addition, there is a great potential for vacancy upside, which would build on recent leasing momentum.
Strategically located across from Paintville's Walmart and Food City, Paintville's two dominant grocers, near the intersection of three regional arteries (US-23, US-460 and KY-40), and drawing from a large trade area that includes over 75,000 people, the center is well-positioned to benefit from strong retail demand and the limited threat of new retail development competion due to the challenging topography of the area.