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29579342
29579343

3415 New Hartford Rd, Owensboro, KY 42303

MW
KY KY275615
Encore Real Estate Investment Services
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
EL
MI MI 6501400582, IL 475.155236
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services, Bang Realty
$2,318,000
122 days on market
Updated 40 days ago

New Hartford Retail Center

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 9,010
Cap Rate 7.4%
NOI $171,556
Tenancy Multi
Brand/Tenant KORT, Donatos
Lease Type NNN
Price per SqFt $257
Buildings 3
Acreage 1.080
Investment Type Net Lease

New 9,010 SF Retail Development on 1.08 Acres

Marketing description

Introducing NEW HARTFORD RETAIL CENTER, a prime investment opportunity at 3415 New Hartford Rd, Owensboro, KY 42303. This brand-new 9,010 SF retail development on 0.76 acres offers a white-box vacancy with excellent value-add potential.

Benefit from stabilized, long-term NNN leases with CAM reimbursements, generating a solid NOI of $171,556 and a competitive 7.40% cap rate. Strategically situated on New Hartford Rd with high visibility and frontage, this property sees over 15,400 vehicles daily and is surrounded by national tenants such as Dairy Queen, Dollar General, and more.

Just minutes away from major retail hubs and healthcare facilities, this investment is positioned for success. Seize the opportunity to be a part of a bustling community with strong demographics and growth potential. Don't miss out on this lucrative investment at the NEW HARTFORD RETAIL CENTER!

Investment highlights

  • New 9,010 SF Retail Development on 1.08 Acres
  • Stabilized, Long-Term NNN Leases with CAM Reimbursements
  • Value-Add Through Vacancy Lease Up | Drive Through Option Available
  • Excellent Visibility & Frontage on New Hartford Rd | 15,400+ Vehicles Per Day | Main Thoroughfare Connecting Residential Neighborhoods to Major Retail Destinations
  • National Tenants Surrounding Investment Property | Dairy Queen Grill & Chill, Domino's Pizza, Dollar General, Lee's Famous Recipe Chicken, and Subway
  • Less than 5 Miles from Major Retail Hub | Walmart, Hobby Lobby, Academy Sports, Goodwill, Aldi, Menards and Much More 5 Miles from Owensboro Health Regional Hospital | 477 Acute Care Beds
  • 2 Miles from Owensboro Community & Technical College | 4,000+ Students on Average per year

Listing Contacts

MW
KY KY275615
Encore Real Estate Investment Services
DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
EL
MI MI 6501400582, IL 475.155236
Encore Real Estate Investment Services
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Encore Real Estate Investment Services, Bang Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,556.00
$14,296.33/mo

Valuation Metrics

0
DSCR
7.4%
Cap Rate
7.4%
ROI

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Additional Information

Name
Mike West
License
KY275615
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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