94% Occupied, 33,554 SF Walmart & Lowe’s-Shadowed 3-Tenant Retail Strip
Sandwiched Between 202K SF Walmart Supercenter & 115K SF Lowe’s; Walmart & Lowe’s See a Combined 2.8 Million Annual Customer Visits (Source: Placer.AI)
Directly Off I-64 Exit Ramps (51,318 VPD), Located On Route 127 (32,912 VPD)
Reasonable/Replaceable Rent Rates: Average = $11.60/SF NNN
Projected 13.3% Cash/Cash Return, 19.1% Total Return with New Bank Financing (4% IR, 70% LTV, 10/25)
Located in State Capital of Kentucky (Frankfort); 40 Minutes West of Louisville, 20 Minutes Southeast of Lexington; Part of 517,000 Person Lexington-Fayette MSA
Petco (40% of GLA) with Recent Lease Extension Thru January 2024
Lowe’s Traffic Ranks Top 21% Nationally within Chain; Walmart’s Traffic Ranks Top 45% Nationally within Chain (Per Placer.AI Data)
Shoe Carnival (36% of GLA) In-Place Since 1997, 10-Year Extension in 2013 Thru January 2023
New 5-Year Lease with Affordable Care (19% of GLA) – 340 Practices in 40 States
Ease of Management – Only 3 Tenants, All NNN Leases (87% Recapture of RET/INS/CAM)
Primary Retail Destination for Frankfort – Only Walmart & Lowe’s in Frankfort, Nearby Retailers Include Kroger, Harbor Freight, Big Lots, Ollie’s, CVS, Starbucks, Panera, Chick-fil-A, etc.
Within Close Proximity to Dozens of State Government Offices and Adjacent to Frankfort Regional Medical Center, the Primary Hospital Serving the Area