Description
Block + Lot is pleased to bring to market Edgewood Plaza located at 115 Edgewood Plaza in Nicholasville, KY. This 37,360 SF (per PVA) shopping center is a three tenant center anchored Dollar General and Napa Auto Parts. This investment provides the unique opportunity for a value add investor to acquire a stabilized asset and reposition value by purchasing the property at a below replacement cost low basis ($46.84/SF), add term length, increase in place below market rents, and flipping lease structures to true NNN. The property has abundant parking and approximately 170 feet of South Main Street frontage.Property Highlights:Substantially below replacement cost ($46.84/SF)Value add opportunityNational credit anchorsLexington MSAStabilized asset with 7% in place Cap RateContact Agents for financials
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0BEDS
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2.67ACRES
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0BATHS
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01/2 BATHS
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37,360SQFT
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$47$/SQFT
School Ratings & Info
Description
Block + Lot is pleased to bring to market Edgewood Plaza located at 115 Edgewood Plaza in Nicholasville, KY. This 37,360 SF (per PVA) shopping center is a three tenant center anchored Dollar General and Napa Auto Parts. This investment provides the unique opportunity for a value add investor to acquire a stabilized asset and reposition value by purchasing the property at a below replacement cost low basis ($46.84/SF), add term length, increase in place below market rents, and flipping lease structures to true NNN. The property has abundant parking and approximately 170 feet of South Main Street frontage.Property Highlights:Substantially below replacement cost ($46.84/SF)Value add opportunityNational credit anchorsLexington MSAStabilized asset with 7% in place Cap RateContact Agents for financials
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Listing provided courtesy of Peter Barr of Block + Lot Real Estate: (859) 309-0099 . Listing information © 2023 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.