Log In/Sign Up
Your email has been sent.
Double-Digit Cap Rate Retail Center 900-950 Happy Valley Rd 126,130 SF 72% Leased Retail Building Glasgow, KY 42141 $4,700,000 ($37.26/SF)
Investment Highlights
- Investors are presented with a high-occupancy neighborhood retail center with long-term in-place leases.
- Anchored by Big Lots, this property features a varied and synergistic tenant mix ideal for investors seeking their next opportunity.
- Area demographics bode well for investors, with an established community and average consumer spending within a 10-mile radius exceeding $416 million.
- Highly visible positioning on Kentucky 90, which sees lofty traffic counts of over 13,200 vehicles per day.
- In a retail-dense area surrounded by other demand drivers, Zaxby's, Chick-fil-A, Dollar General, and McDonald’s, driving in additional traffic.
- New roof installed on approx.. 2/3 of the center (see pics in due diligence folder). 20 Year Roof Warranty included.
Executive Summary
Central Center | Prime Retail Space in Glasgow, KY
Strategically located at the high-traffic intersection of Happy Valley Rd (KY 90 W) and N L Rogers Wells Blvd, Central Center offers exceptional visibility with combined traffic counts exceeding 36,700 VPD. This established neighborhood shopping center spans 122,203 SF, providing a dynamic mix of retail opportunities in the heart of Glasgow.
Recent capital expenditures include roof replacement on +-80,000 SF, installation of new gutters on the back on the building, new asphalt behind the building, and parking lot repairs.
This fully leased center offers investor stable returns with long-term mark-to-market potential.
Strategically located at the high-traffic intersection of Happy Valley Rd (KY 90 W) and N L Rogers Wells Blvd, Central Center offers exceptional visibility with combined traffic counts exceeding 36,700 VPD. This established neighborhood shopping center spans 122,203 SF, providing a dynamic mix of retail opportunities in the heart of Glasgow.
Recent capital expenditures include roof replacement on +-80,000 SF, installation of new gutters on the back on the building, new asphalt behind the building, and parking lot repairs.
This fully leased center offers investor stable returns with long-term mark-to-market potential.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Roof Pics & Roof Warranty
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
126,130 SF
Building Class
C
Year Built
1970
Price
$4,700,000
Price Per SF
$37.26
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.23
Lot Size
12.60 AC
Zoning
COMMERCIAL - Commercial
Parking
928 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
542’ on Pin Oak Lane
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Great location with Big lots and Workout Anytime! Ample Parking Pylon Signage Former Mighty Dollar Space
- 922
- 9,213 SF
- Retail
- In-Line
- Now
Space is in good shape
- 952
- 3,031 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 900 SF | Retail | - | Now |
| 918 | 20,000 SF | Retail | - | Now |
| 922 | 9,213 SF | Retail | In-Line | Now |
| 948 | 1,596 SF | Retail | In-Line | Now |
| 952 | 3,031 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 900 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
918
| Size |
| 20,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
922
| Size |
| 9,213 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
948
| Size |
| 1,596 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
952
| Size |
| 3,031 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 900 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
918
| Size | 20,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Great location with Big lots and Workout Anytime! Ample Parking Pylon Signage Former Mighty Dollar Space
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
948
| Size | 1,596 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Space is in good shape
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 79-46 | Improvements Assessment | $2,504,500 |
| Land Assessment | $1,746,000 | Total Assessment | $4,250,500 |
Property Taxes
Parcel Number
79-46
Land Assessment
$1,746,000
Improvements Assessment
$2,504,500
Total Assessment
$4,250,500
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
