Available for purchase Individually or as a Portfolio
Prime Location in Dense Retail Corridor – Strategically positioned within Maysville’s most prominent retail corridor, with immediate proximity to a Kroger-anchored center, a Rural King-anchored center, Walmart, and numerous other national retailers.
Below Market Rents – In-place rental rate is below current market comparables, offering near-term upside through mark-to-market adjustments.
Attractive Rent Per Square Foot – Current rental rate of $10.71 PSF provides a competitive basis relative to prevailing market rents.
Lease Flexibility with Upside – Several portfolio locations include kick-out clauses effective in two years, enabling earlier rent repositioning to market levels.
Built-In Rental Growth – All leases feature fixed annual rent escalations of 1.50%, contributing to predictable income growth.
Strong Rent-to-Sales Metrics – This location reports a compelling 5.21% rent-to-sales ratio, indicating healthy tenant occupancy cost levels.
Compelling Land Basis – Ownership benefits from an attractive land basis, particularly when compared to the potential unencumbered real estate value.
Efficient Building Size – The subject property comprises approximately ±3,136 square feet, supporting operational efficiency for the tenant.