Parking Information

Parking Total

56

Building

Year Built

1964

Lot

Lot Size Acres

2.667

Lot Size Square Feet

116175

Remarks

Public Remarks

We are pleased to bring to market Edgewood Plaza located at 115 Edgewood Plaza in Nicholasville, KY. This 37,360 SF (per PVA) shopping center, zoned B-1, is a three tenant center anchored by Dollar General and Napa Auto Parts. This investment provides the unique opportunity for a value add investor to acquire a stabilized asset and reposition value by purchasing the property at a below replacement cost basis ($44.83 PSF), add term length, increase in place below market rents, and OPEX recovery by flipping lease structures to true NNN and potential to recapture square footage. In addition, this unique center offers flex suites in the rear of the property providing additional income. The 2.667 acre site has outparcel potential with frontage on S. Main St. Property Highlights: -This asset is priced significantly below replacement cost with an opportunity to add term lengths, increase in pace below-market rents, and flip lease structure to true NNN to recapture square footage. -There is outparcel potential within the 2.667-acre site. -The asset features national brand anchors, Dollar General and Napa Auto Parts, with long-standing terms at the center, plus Full Circle Supports.

Showing Information

Showing Instructions

Contact agents to schedule a showing.

Tax & Legal

Tax Rate

1.2527

Zoning Description

B-1

Directions

Edgewood Plaza is located on the south side of Downtown Nicholasville, KY at the corner of S. Main Street and Edgewood Drive. The shopping center has excellent visibility and accessibility to S. Main Street with a traffic count of 15,607 (ADT). Trade area retailers/business include: Kroger, Cato, Ollie's, Advance Auto Parts, Arby's, Hardees, Dominos, Chase Bank, and more.

Association/Community

Number Of Buildings

1

Construction Materials

Brick

Yes

Parking Features

On Site

Yes

Paved

Yes

Special Listing Conditions

Standard

Yes

Business Type

Commercial

Yes

Retail

Yes

Sale Includes

Building(s)

Yes

Land

Yes

Leases

Yes

Property Features