Listed by Friedman Real Estate, Friedman Real Estate IL LLC
Unpriced
Grand Vue Plaza
Details
APN 086-00 00 041.00; 086-00 00 040.00
Property Type Retail
Sub Type Shopping Center
Square Footage 113,607
Occupancy 75%
Tenancy Multi
Lease Type NNN
Acreage 11.100
Auction Sale | Save-A-Lot & Dollar General Anchored | Double Digit Cap Rate
Marketing description
Auction Sale
Investment highlights
±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
Upside through converting gross leases to NNN and implementing rent adjustments
Recent capital improvements include installation of solar panels for operating efficiency
NOI: ±$541,142
Listing Contacts
Listed by Friedman Real Estate, Friedman Real Estate IL LLC
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