Listed by NAI Isaac
$1,575,000
Crown Point Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 9,182
Cap Rate 7.50%
Occupancy 100%
Tenancy Multi
Acreage 1.030
Zoning Commercial
Investment Type Value Add
Ground Lease No
Retail | 7.50% CAP | 9,182 SqFt
Marketing description
NAI Isaac is pleased to present for sale, Crown Point Plaza, a 100% occupied multi-tenant retail strip center located in the heart of Shepherdsville's retail corridor. The center is located on KY-44 near major retail users like Kroger, Walmart, Lowes, and more.
Investment highlights
- Crown Point Plaza is a 100% occupied multi-tenant retail strip center located in the heart of Shepherdsville's retail corridor
- Existing leases in place provide stabilized income, while also presenting value add opportunities through NNN conversion and annual rental increases
- The center is located on KY-44 near major retail users like Kroger, Walmart, Lowes, and more
- The property provides a healthy tenant mix of national and local operators ranging from financial services to medical users
- Shepherdsville is an emerging industrial market with strong job and population growth due to large investments by Amazon, CRG, STAG, and Rivian
- Located +/-20 miles south of Louisville via I-65, Shepherdsville's population and GDP growth directly benefit from its proximity to Louisville's major logistics and distribution hubs
Listing Contacts
Listed by NAI Isaac
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