Melody Mountain — Sale in Ashland, KY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Ashland, KY 41101
  • Year built: 2013

Photos

Melody Mountain — Sale in Ashland, KY, photo 1 of 3
Melody Mountain — Sale in Ashland, KY, photo 2 of 3
Melody Mountain — Sale in Ashland, KY, photo 3 of 3

Investment Figures

Cap rate
8.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale Melody Mountain, located in Ashland, Kentucky. Investment Highlights: • 100 Percent Occupied, 65,525-Square-Foot Regional Retail Center Anchored by National Credit Tenants DICK'S Sporting Goods and PetSmart • Durable Cash Flow Profile |Weighted Average Lease Term of 4.2 Years with Long-Term PetSmart Lease Extending Through 2038 • Shadowed by Top 6 Percent WM in the US - Over 3.2 Million Annual Visits; Top Seven Percent in the State and Ranked #1 in the Immediate Area • National Tenant Lineup Represents 100 Percent of Gross Leasable Area | DICK'S Sporting Goods, PetSmart, OneMain Financial, and Great Clips • 95 Percent of Gross Leasable Area Occupied by Original Tenants - Tenure of Over 13 Years • Neighboring Ashland Town Center Shop Rents - $70-$100 per Square Foot and Triple-Net's -Tenured Tenants in Place for Over 10 Years

Market Context

This retail in Ashland, KY is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2013. Compare it against other retail listings for sale in Ashland, KY — view the full market.

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