Listed by Matthews
$7,086,000
London Shopping Centers - London, KY
Details
APN 062-80-00-028.00
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 20,899
Net Rentable (SqFt) 20,899
Units 2
Cap Rate 6.75%
NOI $478,324
Occupancy 100%
Tenancy Multi
Brand/Tenant Pizza Hut, Jersey Mike's
Lease Type NNN
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Lease Options Three (3), 5-Years
Year Built 2025
Stories 1
Acreage 1.650
Investment Type Stabilized
Tenant Credit Franchisee, Corporate Guarantee
Ground Lease No
Kroger Outparcel | 20k+ SF | New Construction | Strong Tenant Mix
Investment highlights
- New 2025 Construction – newly constructed 20,899-SF building being completed in 2025.
- Premier Location – Kroger outparcel across from Walmart & Tractor Supply Co. anchored shopping centers in the most dense retail corridor in London. Sees over 26,375 VPD.
- Triple Net (NNN) Lease Structure – Tenants are responsible for taxes, insurance, and Common Area Maintenance (CAM).
- Long Term Weighted Average Lease Term (WALT) – Ten (10) years remaining on each lease in the center.
- Strong Tenant Mix – Current tenants include Jersey Mike’s, Cold Stone Creamery, Pizza Hut, Crumbl Cookie, Tropical Smoothie, Pizza Hut, Urgent Care, & more.
- Low Rents Per Square Foot – The average rent per square foot of the strip center is $21.44/sf.
- Access from I-75 Between Knoxville & Lexington – Direct access off I-75. Located +70 miles from Knoxville, Tennessee and +65 miles to Lexington, Kentucky.
- Roadway Expansion – The ongoing expansion of Highway 192 by the city of London provides enhanced visibility and exposure for the site.
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$478,324.00
$39,860.33/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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