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28045086
28045085

1776 KY-121, Mayfield, KY 42066

KM
KY 244632
Trifecta Real Estate
BellCornerstone
BellCornerstone
Listed by Trifecta Real Estate, BellCornerstone
$1,850,000
215 days on market
Updated 24 days ago

1776 KY 121, Mayfield, KY

Details
Property Type Industrial, Retail
Sub Type Flex, Storefront (+1)
Square Footage 38,000
Net Rentable (SqFt) 38,000
Units 1
Occupancy 100%
Tenancy Single
Pro-Forma Cap Rate 7.19%
Pro-Forma NOI $133,000
Price per SqFt $49
Class C
Year Built 1984
Buildings 2
Stories 1
Acreage 4.710
Zoning B-1
Parking Spaces 107 spaces
Parking Per SqFt 2.82
Investment Type Sale/Leaseback
Ground Lease No
Loading Docks 1
Dock High Doors 3
Ownership Fee Simple
Sale Condition Sale for leaseback

Sale leaseback/Repositioning Opportunity

Marketing description

Trifecta Real Estate and BellCornerstone are pleased to present this sale-leaseback opportunity for the property located at 1776 KY-121 in Mayfield, Kentucky. This asset currently operates as a hardware store and offers exceptional visibility and scale for a wide range of commercial uses.

Property Overview

The property comprises a 38,000-square-foot freestanding building on a 4.71-acre lot. Originally built in 1984, the facility is designed to accommodate both retail and light-industrial warehousing operations. The ideal fit is a combination of storefront and warehousing/distribution. There is also an outdoor capacity of 8,200 SF, including covered outdoor storage and loading capabilities, with one loading dock and three dock-high doors. Plus, ample on-site parking with 107 spaces.

Strategic Location & Visibility

Located along a main commercial corridor, this property is ideally positioned for users seeking a high-profile presence in Western Kentucky. The site benefits from its proximity to major national anchors, local hubs, and nearby retailers, including a Walmart Supercenter and Lowe’s Home Improvement, as well as the Wyatt Crossing Shopping Center, Mayfield Marketplace, and Towne Center.

Sale-Leaseback Opportunity

Currently 100% occupied by a single user, Mayfield Hardware and Lumber, this deal offers space and value-add flexibility for a new owner. The current user prefers to vacate up to 50% of the building (19,000 SF), allowing an investor to bring in a second tenant.

Investment highlights

Legal Tenant: Mayfield Hardware and Lumber

Lease Type: Negotiable

Roof: Negotiable

Structure: Negotiable

Ownership Interest: Fee Simple

Requested Lease Term: 5 Years

Requested Lease Rate: Negotiable (Mkt $3-5/PSF)

Requested Leased Area: 19,000

Rent Increases: Negotiable

Listing Contacts

KM
KY 244632
Trifecta Real Estate
BellCornerstone
BellCornerstone
Listed by Trifecta Real Estate, BellCornerstone

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Additional Information

Name
Keanu Murphy
License
244632
Brokerage
Trifecta Real Estate
Brokerage Phone
270-247-2734
Title
Partner
Brokerage Address
935 Paris Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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