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22213934
22213935

102 Shane Dr, Glasgow, KY 42141

JK
KY KY 42721
NAI Isaac
PS
KY 30436
NAI Isaac
Listed by NAI Isaac
$4,450,000
424 days on market
Updated 61 days ago

Festival Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 41,176
NOI $334,994
Occupancy 100%
Broker Co-Op Yes
Buildings 2
Stories 1
Acreage 3.730

NAI Isaac is pleased to present an investment opportunity for Festival Plaza, a +/-41,176 SF center.

Marketing description

NAI Isaac is pleased to present a great investment opportunity for Festival Plaza, a +/-41,176 SF retail shopping center adjacent to Barren River Plaza (the largest shopping center in Glasgow). Anchored by Hibbett Sports, Shoe Sensation, TJ Fit for Life and La Nacional. Barren River Plaza is anchored with Ruler Foods by Kroger, Marshalls, Five Below, Bealls and TJ Samson Community Hospital Health Pavilion.

Investment highlights

  • +/-41,176 SF retail shopping center adjacent to Barren River Plaza (the largest shopping center in Glasgow)

  • Anchored by Hibbett Sports, Shoe Sensation, TJ Fit for Life and La Nacional

  • 100% leased with a mix of national and local tenants

  • Barren River Plaza is anchored by Marshalls, Ruler Foods by Kroger, Five Below, Bealls and TJ Samson Community Hospital Health Pavilion

  • Average daily traffic count of +/-19,136 VPD on Highway 31 Bypass

  • Sale Price: $4,450,000

Listing Contacts

JK
KY KY 42721
NAI Isaac
PS
KY 30436
NAI Isaac
Listed by NAI Isaac

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$334,994.00
$27,916.17/mo

Valuation Metrics

0
DSCR
7.53%
Cap Rate
7.53%
ROI

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Additional Information

Name
Jim Kemper
License
KY 42721
Brokerage
NAI Isaac
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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