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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 vehicles per day. This established neighborhood shopping center spans 122,203 SF, providing a dynamic mix of retail opportunities in the heart of Glasgow.
Currently, 9,213 SF of retail space is available, with an additional 20,000 SF coming online in Q2 of 2026 — ideal for expanding businesses or new tenants seeking a high-exposure location.
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 vehicles per day. This established neighborhood shopping center spans 122,203 SF, providing a dynamic mix of retail opportunities in the heart of Glasgow.
Currently, 9,213 SF of retail space is available, with an additional 20,000 SF coming online in Q2 of 2026 — ideal for expanding businesses or new tenants seeking a high-exposure location.
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 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Double-Digit Cap Rate Retail Center | 900-950 Happy Valley Rd
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