Oak Grove Shopping Center
Walmart Shadow-Anchored Retail Center : 100% Leased : All Leases are NNN : $172 PSF
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire a 32,660-square-foot, multi-tenant retail center in Oak Grove, Kentucky. Oak Grove Shopping Center is 100 percent leased, and all current leases are triple-net. Tenants include GameStop, Smoke & Vape Shop, Cazadores Mexican Restaurant, China Buffett & Grill, Great Clips, Buddy’s Home Furnishings, The Peach Cobbler Factory, CATO, Martial Arts Studio, and an ATM leased to USAA. Oak Grove Shopping Center was constructed in 2006, and the building is situated on a large 4.93-acre parcel with ample paved parking.
The subject property is located on Segler Drive off Fort Campbell Boulevard, the city’s major north-south thoroughfare. Traffic counts in front of the property exceed 22,274 vehicles per day. Oak Grove Shopping Center is shadow-anchored by Walmart Supercenter; other nearby retailers include MAPCO Mart, Navy Federal Credit Union, Sonic Drive-In, Dollar Tree, Hibbett Sports, Legion Liquors, Jersey Mike’s Subs, and Wendy’s. The subject property benefits from close proximity to Fort Campbell, a United States Army installation. Located than two miles west of the property, Fort Campbell is the second-largest military base in the world with an active-duty military population of 26,587 soldiers; 50,812 family members; and over 6,500 civilian jobs.
Investment highlights
Consists of Two Multi-Tenant Buildings Totaling 32,660 Square Feet
Shadow-Anchored by Walmart Supercenter
100% Leased | All Leases are Triple Net
Tenant Base is a Complementary Mix of National, Regional, and Local Retailers
Additional Income Derived from On-Site ATM Leased to USAA
Located Off Fort Campbell Boulevard, the City's Major North/South Thoroughfare
Traffic Counts Exceed 22,274 Vehicles Per Day
Nearby Retailers Include Navy Federal Credit Union, Dollar Tree, Hibbett Sports, Sonic Drive-In, Taco Bell, and Others
Less Than Two Miles West of Fort Campbell U.S. Army Installation, the 2nd Largest Military Base in the Nation
Fort Campbell Supports 27,000+ Active Duty Military | 51,480 Family Members | Over 6,385 Civilian Jobs
Close Proximity to Several School Campuses and National Hotel Chains, Providing Additional Traffic to the Area
Oak Grove is Conveniently Positioned off Interstate 24, Between Hopkinsville, KY and Clarksville, TN | Less than One Hour from Nashville, TN
Priced at $172 Per Square Foot
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