115 Lee Ave, Pikeville, KY 41501 For Sale

Fast Pace Urgent Care & Mattress Warehouse two-tenant 8,500 SF center on 1.55 acres located in Pikeville, KY as an out-parcel to the #3 ranked Walmart Supercenter in the state of Kentucky with 3.4M visitors (per Placer.ai)

Long term Leases with rental escalations - Fast Pace Urgent Care Lease expires on 1/31/2035 and has 10% escalations every 5 years – Mattress Warehouse Lease expires on 10/31/2028 and has 10% escalations every 5 years

Corporate Guarantees - On July 20, 2022, Fast Pace Health announced it has partnered with First Care Clinics (original tenant) and will rebrand this location to Fast Pace - Fast Pace is one of the largest urgent care operators in the US with over 320 clinics throughout TN, KY, LA, MS, IN, NC, AR and AL – Mattress Warehouse (est. 1989) currently operate approximately 520+ locations nationwide

Mattress Warehouse, the leading independent mattress specialty retailer, acquired 176 additional store locations on May 1, 2025 (73 former Mattress Firm stores, 103 Sleep Outfitters stores, 7 distribution centers, and corporate offices in Lexington, KY)

Incredibly strong Placer.ai data - Walmart ranks in the 97th percentile nationally and 97th percentile in KY (#3 location in KY with 3.4M visitors) - Pikeville Commons (Hobby Lobby, Marshalls, Ross, Petco) ranks in the 83rd percentile nationally with 2.6M visitors - Food City ranks in the 78th percentile nationally with 818K visitors - Lowe’s ranks 88th percentile nationally and 85th percentile in KY with 893K visitors - Arby’s ranks in the 98th percentile nationally with 260K visitors and Burger King ranks in the 98th percentile nationally with 407K visitors - Applebee’s and Buffalo Wild Wings rank in the 92nd and 87th percentile nationally with 267K visitors and 288K visitors – Texas Roadhouse ranks in the 90th nationally with 584K visitors

High barrier to entry market - given the topography, it is challenging to develop in this region making this retail corridor highly desirable

High traffic location - located off State Route 460 (N. Mayo Trail) - 31,901 +/- cars per day

Pikeville is the county seat of Pike County and home to The Pikeville Medical Center - a 340-bed facility with over 3,100 employees - it is the largest hospital in southeast Kentucky consisting of 1.6 million SF-home to Kentucky’s only Level II Trauma Center

Newer construction - built in 2018

AHI income in the 1-mile radius is over $105K