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Grand Vue Plaza 94-154 Grand Vue Plz 113,607 SF 79% Leased Retail Building Hazard, KY 41701 For Sale
Investment Highlights
- Upside through converting gross leases to NNN and implementing rent adjustments
- NOI: ±$54,1142
- Recent capital improvements include installation of solar panels for operating efficiency
Executive Summary
Auction Sale
±113,000 SF Dollar General & Save A Lot anchored retail center, serving as a primary retail hub for Hazard and surrounding areas. The property boasts a strong historical occupancy, showcasing the property’s viability, tenant retention, and market demand; surge in daytime traffic further underscores Hazard’s regional draw. Limited flat, buildable land in the market constrains new retail supply; CoStar’s data indicates a retail vacancy rate of approximately ±0% within a 20-mile radius.
±113,000 SF Dollar General & Save A Lot anchored retail center, serving as a primary retail hub for Hazard and surrounding areas. The property boasts a strong historical occupancy, showcasing the property’s viability, tenant retention, and market demand; surge in daytime traffic further underscores Hazard’s regional draw. Limited flat, buildable land in the market constrains new retail supply; CoStar’s data indicates a retail vacancy rate of approximately ±0% within a 20-mile radius.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
113,607 SF
Building Class
B
Year Built
1978
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
11.10 AC
Zoning
Commercial
Parking
520 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
484’ on Combs Road
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $152,000 | |
| Land Assessment | $153,000 | Total Assessment | $3,805,000 |
Property Taxes
Parcel Numbers
Land Assessment
$153,000
Improvements Assessment
$152,000
Total Assessment
$3,805,000
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Grand Vue Plaza | 94-154 Grand Vue Plz
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