363 Versailles RdFrankfort, KY 40601

For Sale
$3,825,000

High-yield retail center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 41,770-square-foot shopping center situated on a 3.11-acre lot in Frankfort, Kentucky. The property boasts a 7.53% cap rate and a strong net operating income (NOI) of $287,990, supported by a 100% occupancy rate. The single-story building features 198 parking spaces and is ideally located on US 60, providing excellent visibility and convenient access. National tenants include Dollar Tree, Dollar General, Rent-A-Center, and Metro PCS, several of whom have recently extended their leases. The property has undergone over $350,000 in recent capital improvements. Its prime location is complemented by a thriving retail environment, with nearby businesses including Kroger, Walgreens, McDonald's, Save-A-Lot, Auto Zone, and Advanced Auto Parts. The center is also conveniently located a mile from I-64, offering easy access to Lexington (20 miles) and Louisville (55 miles). The property's APN is 086-10-06-001.00. This is a rare opportunity to acquire a high-performing, well-located retail center with significant upside potential. The asking price is $3,825,000. The permitted zoning is to be determined (TBD).

Highlights

  • 41,770 SF shopping center on 3.11 acres.
  • 100% occupied by national tenants including Dollar Tree, Dollar General, Rent-A-Center, and Metro PCS.
  • Key tenants recently extended their leases.
  • Excellent visibility on US 60, near Brighton Park Shopping Center and I-64.
  • Strong surrounding retail including Kroger, Walgreens, McDonald's, and AutoZone.
  • Over $350,000 in recent capital improvements.

Property Details for 363 Versailles Rd

Property type
Lifestyle centers, Power centers
Square Feet
41,770 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
135,472 SF

Location Insight

City
Frankfort
County
Franklin
State
Kentucky
Latitude
38.1960402
Longitude
-84.8306434
363 Versailles Rd, Frankfort, Kentucky

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363 Versailles Rd
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