Matthews Logo

Navigation Menu

283 London Shopping Center, London, KY, 40741

Pizza Hut
Closed

Key Information

Type
Retail

Highlights

Available for purchase Individually or as a Portfolio

  • Prime Location in Strong Visibility – Strategically positioned within London’s most concentrated retail corridor, adjacent to Walmart and Tractor Supply-anchored centers and directly across from a Kroger-anchored center. The site benefits from exposure to over 28,500 vehicles per day (VPD).
  • Below Market Rents – Current lease rate is below recently executed comparable leases in the immediate trade area, providing potential for near-term rent growth.
  • Low Rent Per Square Foot – Tenant is paying a favorable rental rate of $6.74 per square foot, offering investors an attractive cost basis.
  • Short to Mid-Term Lease Maturities with Value-Add Potential – Several portfolio locations include kick-out clauses within two years, creating an opportunity to re-lease at market rates or negotiate rental increases ahead of schedule.
  • Contractual Annual Rent Increases – All leases include 1.50% annual escalations, providing built-in income growth.
  • Healthy Rent-to-Sales Ratio – The subject property demonstrates a strong rent-to-sales ratio of 5.78%, indicating sustainable occupancy costs.
  • Attractive Land Basis – The asset is priced at a land basis that is compelling relative to the underlying real estate value, assuming fee-simple ownership.
  • Sizeable Building Footprint – The property features a ±6,511 square foot retail building, supporting a wide range of tenant operations.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203