835 BroadwayMayfield, KY 42066

Property Details for 835 Broadway

Year built

2024

Lot size

1.20 AC

Property size (Sq ft)

10,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a newly constructed (2024), 10,500 square foot, single-tenant retail building in Mayfield, KY. The property is 100% occupied by Dollar Tree and Family Dollar under a corporate-guaranteed, net lease with a remaining term of 10 years and four 5-year options. The lease includes annual rent bumps of $0.50 per square foot at the beginning of each option period. Located on E. Broadway, the property boasts high visibility and accessibility, with approximately 13,900 vehicles passing daily. Direct access to State Route 121, connecting to State Route 80 and Interstate 69, ensures excellent regional connectivity. The 1.2-acre lot provides ample parking (27 spaces). The property's strong location benefits from a robust surrounding retail environment, including national and regional tenants, and a significant residential population within a 5-mile radius (over 17,000 residents, 8,000 daytime employees, and an average household income of $62,243). The property features a 7.35% cap rate and a net operating income (NOI) of $131,460, with an asking price of $1,788,571 ($170.34/sq ft). The property is zoned B-1. This is a low-management, passive investment opportunity with significant long-term growth potential.

Location Insight

City

Mayfield

County

Graves

State

Kentucky

Latitude

36.7449

Longitude

-88.6246

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