5399 Ky-11Hinkle, KY 40943

  • Retail properties
  • 10,500 SF
For Sale
$1,558,065 View listing

Property Details for 5399 Ky-11

Year built
2023
Lot size
1.36 AC
Property size (Sq ft)
10,500 SF
Property type
Retail properties
Property subtype
Lifestyle centers

Description

This exceptional 10,500 square foot retail shopping center, located at 5399 KY-11 in Girdler, Kentucky (Knox County, zip code 40943), presents a compelling investment opportunity. Built in 2023, the property boasts a 100% occupancy rate with a strong tenant mix: Dollar Tree and Family Dollar, both credit-rated corporations with a corporate guarantee. The lease is a Net Net + (NN+) type, with a remaining term of 9.2 years, extending to February 4, 2034, and includes lease options. The property features a single, one-story building situated on a 1.36-acre lot with a large, low-maintenance concrete parking area. The asking price is $1,558,065, representing a price per square foot of $148.39 and a 7.75% capitalization rate. The Net Operating Income (NOI) is $120,750. This strategically located center benefits from its central position between London and Middlesboro, Kentucky, offering excellent access to a substantial customer base. The property's strong financials, coupled with its high-quality tenants and desirable location, make it an attractive investment prospect for discerning buyers. The lease commenced on October 2, 2023.

5399 Ky-11, Hinkle, Kentucky

Location Insight

City
Hinkle
County
Knox
State
Kentucky
Latitude
36.9381
Longitude
-83.8412

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