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23199191
23199192

2003 E Main St, Cumberland, KY 40823

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies
$1,253,325
403 days on market
Updated 66 days ago

Family Dollar, H&R Block, & Subway

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 15,535
Cap Rate 8.75%
NOI $109,666
Occupancy 100%
Tenancy Multi
Brand/Tenant Family Dollar, Subway (+1)
Lease Type NN+
Lease Term 10.1
Lease Expiration 01/31/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options Four, 5-Year
Year Built 1982
Year Renovated 2023
Acreage 2.340
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee (+1)
Lease Commencement 01/12/2023
Ground Lease No
Ownership Fee Simple

Family Dollar, Subway, H&R Block | 100% Occupied | 8.75% Cap

Marketing description

Embree Capital Markets Group is pleased to present a rare opportunity to acquire a 100% occupied, 15,535 SF multi-tenant retail center located at 2003–2007 E Main Street in Cumberland, Kentucky. Anchored by strong national tenants—Family Dollar, H&R Block, and Subway—this investment offers stable, recession-resistant income backed by well-established brands.

Positioned along East Main Street, immediately west of the North US Highway 119 exit ramp, this property benefits from high visibility and strong traffic counts, 10,300 vehicles per day on US Hwy 119 and 8,100 vehicles per day on E Main Street. Cumberland serves as a key commercial center in Harlan County, with a tight-knit community and a business-friendly environment. The city's strategic location provides access to larger markets while maintaining affordable real estate and operational costs, making it attractive for businesses and investors alike.

This property presents a rare opportunity to acquire a high-performing retail asset in a vibrant and expanding market. With a diverse tenant mix, long-term leases, and a strong local economy, investors can expect stable cash flow and potential for growth.

Investment highlights

  • New 10-Year Lease Extension From Family Dollar (2023 - 2033)

  • New 3-Year Lease Extension from H& Block (2025 - 2028)

  • Long-Term Operating History

  • Low Rent / Sq. Ft. - Avg. $6.60/Sq. Ft.

  • 18,000 Vehicle Per Day Traffic Counts

  • Intersection of E Main St & US Hwy 119

  • Close Proximity to Knoxville, TN, & Lexington, KY

Listing Contacts

JB
AZ AZ SA637220000
Embree Group of Companies
Listed by Embree Group of Companies

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,666.00
$9,138.83/mo

Valuation Metrics

0
DSCR
8.75%
Cap Rate
8.75%
ROI

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