141 Beaver TrlGlasgow, KY 42141

  • Other commercial real estate
  • 0.61 AC
For Sale
$4,158,000 View listing

Property Details for 141 Beaver Trl

Lot size
0.61 AC
Property type
Other commercial real estate
APN
79-11R
APU
7911R

Description

This exceptional investment opportunity presents a fee-simple ownership of a 11,050-square-foot Petco Neighborhood Farm & Pet Supply store located at 141 Beaver Trail, Glasgow, KY 42141. Built in 2022, this single-story building sits on a 1.33-acre lot and is operating under a 15.1-year absolute NNN lease with a corporate guarantee from Petco. The lease commenced December 16, 2022, and expires December 31, 2037, leaving a substantial 13.1 years remaining. The property boasts a strong 6.25% cap rate and a Net Operating Income (NOI) of $259,888, with a sale price of $4,158,000 ($376.29/sq ft). Rent increases are built in, with an 8.50% bump every five years. The lease includes five, 5-year renewal options, ensuring long-term stability and predictable income growth. This is a single-tenant, 100% occupied property in a prime location, benefitting from high traffic counts (17,000+ vehicles per day) and a substantial population within a 10-mile radius (38,000+). The property is classified as a grocery store and storefront. This is a rare opportunity to acquire a well-positioned, credit-rated, and highly desirable retail investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,271,409
    Hospitality
    $4,828,582
    Educational
    $4,017,324
    Medical
    $4,155,486
    Retail
    $6,249,170
141 Beaver Trl, Glasgow, Kentucky

Location Insight

City
Glasgow
County
Barren
State
Kentucky
Latitude
37.0235
Longitude
-85.9394
CBSA code
23980
CBSA name
GLASGOW, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$254
$25,000
-
$25,000
-
$25,000
-
$25,000

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].