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Princeton KY Retail Center 500 US Highway 62 W 72,113 SF 100% Leased Retail Building Princeton, KY 42445 $4,850,000 ($67.26/SF) 8.06% Cap Rate
Investment Highlights
- 100% Leased to National Credit Tenants
- New 10-Year Lease with Marshalls in 2024
- Nearby national retailers like Walmart, McDonald’s, CVS, and AutoZone
- Early 5-Year Lease Renewal for Ruler Foods
- Positioned on US 62, Princeton’s main retail artery
- Less than 2 miles from downtown Princeton and Caldwell Medical Center
Executive Summary
SVN Stone Commercial Real Estate is pleased to present this ±72,013 square foot retail center, anchored by national tenants Marshalls, Tractor Supply, and Ruler Foods (The Kroger Co). Each tenant operates under a modified gross lease with staggered expirations in 2027, 2031, and 2034, providing stable income and long-term upside. Priced at $4,850,000 with an 8.06% cap rate, the property generates over $390,000 in annual net operating income, offering investors a strong, cash-flowing asset with minimal management responsibilities.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
72,113 SF
Building Class
B
Year Built
1991
Price
$4,850,000
Price Per SF
$67.26
Cap Rate
8.06%
NOI
$390,828
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
B-3 - Highway Business District
Property Taxes
| Parcel Number | 38-9S-1 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,515,000 |
Property Taxes
Parcel Number
38-9S-1
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,515,000
Contacts
-
Weston Lockhart -
Nathan Dilly -
Matt Stone, CCIM, SIOR, MBA -
SVN | Stone Commercial Real Estate
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Princeton KY Retail Center | 500 US Highway 62 W
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