3238 Kidron Valley WayOwensboro, KY 42303

This exceptional 13,500 square foot retail center in Owensboro, Kentucky, presents a compelling investment opportunity. Built in 2013, the property boasts a 6.14% cap rate and a strong net operating income (NOI) of nearly $210,000, with significant growth potential. Currently 100% occupied, the center features a diverse tenant mix including a hibachi and sushi restaurant, nail salon, bubble tea shop, and executive office space. Located on a 1.167-acre lot with ample parking (60 spaces, including 3 handicapped-accessible), the center enjoys high visibility due to its location in a primary retail submarket with over 25,000 vehicles passing daily. Its strategic proximity to a Walmart further enhances its appeal. The property is zoned B-4 and features a charming brick exterior. The recent renovation and furnishing of the executive office space in 2022 adds to its modern appeal. With over 2 million square feet of existing retail space and an additional 100,000 square feet under development in the surrounding area, this center is ideally positioned for long-term growth and profitability. A key upside includes potential for increased rental income upon lease renewal in 2024. The property's strong performance and prime location make it an attractive investment for discerning buyers. The APN is 062-J0-00-004-00-000. The asking price is $3,420,000.