Kroger

Kroger – Kentucky

Kroger Front 2.1
Kroger Front 4.1
KROGER
1509 E Broadway St, Campbellsville, KY 42718

PRICE $3,182,200
GLA 34,000 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 7.5%
LEASE TYPE NN
LEASE EXPIRATION Apr. 2020
YEAR BUILT 1993/2007
Downloads
OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 1,837
3 – mi. – 14,116
5 – mi. – 20,348
More info in the flyer

INVESTMENT HIGHLIGHTS

  • 34,000 SF (3.2 AC) freestanding building with ample parking net leased to Kroger
  • The lease is NN with the landlord only responsible for paying base year insurance
  • This store is performing extremely well ($450 psf) with sales increasing year-over-year since 2008
  • The tenant has 4 (5) year renewal options under the same terms and rent
  • The property is located on a major commercial corridor
  • The economy of Campbellsville is seeing continued population growth, increasing income levels, and falling unemployment rates
  • Ample parking with 181 parking spaces or 5.3/1,000 SF
  • Kroger constructed an expansion in 2007

City:Campbellsville
State:KY
Square Feet:34,000 SF
Price:$3,925,000
Cap Rate:6.0%

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