For Sale
$1,465,312

363 Versailles RdFrankfort, KY 40601

Multi-tenant retail center, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a fully occupied, multi-tenant retail property encompassing 15,800 square feet on a 1.58-acre lot in Frankfort, Kentucky. The property, situated at 363 Versailles Rd, benefits from a prime location just off US 60 and 1.8 miles from I-64, providing excellent visibility and accessibility. The center boasts three tenants under a gross lease structure with a remaining lease term of 3 years and 100% occupancy, generating a strong net operating income (NOI) of $117,273 and an 8.00% cap rate. The asking price is $1,465,312, translating to a price per square foot of $92.74. The property consists of two buildings and is zoned for commercial use, with the APN listed as 086-10-06-001.00. This stabilized investment is strategically positioned between Lexington and Louisville, offering easy access to Cincinnati and benefiting from the proximity to major retailers such as Dollar General, Dollar Tree, Kroger, Walgreens, and McDonald's. The property's strong tenant mix, high occupancy rate, and prime location make it an attractive investment opportunity with significant potential for future growth. The property is classified as a Day Care/Nursery and Shopping Center.

Highlights

  • $1,465,312 asking price for a stabilized retail investment.
  • 15,800 square foot multi-tenant retail property with three tenants on a 1.58-acre lot.
  • 100% occupancy with a gross lease structure and $117,273 net operating income (NOI), resulting in an 8.00% cap rate.
  • Located at 363 Versailles Rd, Frankfort, KY 40601, near major retailers and with convenient access to I-64.
  • Property features two buildings and is zoned commercial.

Property Details for 363 Versailles Rd

Property type
Day care centers & nurseries, Lifestyle centers
Square Feet
15,800 SF
Buildings
2
Lot Size (sq. ft)
68,825 SF
Units
3

Location Insight

City
Frankfort
County
Franklin
State
Kentucky
Latitude
38.19543943
Longitude
-84.83068796
363 Versailles Rd, Frankfort, Kentucky

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363 Versailles Rd
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