Oak Grove Shopping Center — Sale in Oak Grove, KY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Oak Grove, KY 42262

Photos

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Investment Figures

Cap rate
9.00%

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 the opportunity to acquire a 32,660-square-foot, multi-tenant retail center in Oak Grove, Kentucky. Oak Grove Shopping Center is 100 percent leased, and all current leases are triple-net. Tenants include GameStop, Smoke & Vape Shop, Respawn Coffee Company, The Flip'n Axe, Cazadores Mexican Restaurant, China Buffett & Grill, Great Clips, Buddy’s Home Furnishings, The Peach Cobbler Factory, CATO, and an ATM leased to USAA. Oak Grove Shopping Center was constructed in 2006, and the building is situated on a large 4.93-acre parcel with ample paved parking. The subject property is located on Segler Drive off Fort Campbell Boulevard, the city’s major north-south thoroughfare. Traffic counts in front of the property exceed 22,274 vehicles per day. Oak Grove Shopping Center is shadow-anchored by Walmart Supercenter; other nearby retailers include MAPCO Mart, Navy Federal Credit Union, Sonic Drive-In, Dollar Tree, Hibbett Sports, Legion Liquors, Jersey Mike’s Subs, and Wendy’s. The subject property benefits from close proximity to Fort Campbell, a United States Army installation. Located than two miles west of the property, Fort Campbell is the second-largest military base in the world with an active-duty military population of 26,587 soldiers; 50,812 family members; and over 6,500 civilian jobs. Investment Highlights: • Consists of Two Multi-Tenant Buildings Totaling 32,660 Square Feet | Shadow-Anchored by Walmart Supercenter • 100% Leased | All Leases are Triple Net • Tenant Base is a Complementary Mix of National, Regional, and Local Retailer • Located Off Fort Campbell Boulevard, the City's Major North/South Thoroughfare • Less Than Two Miles West of Fort Campbell U.S. Army Installation, the 2nd Largest Military Base in the Nation

Market Context

This retail in Oak Grove, KY is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Oak Grove, KY — view the full market.

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