502-719-3221
2007 S Highway 27, Somerset, KY for Sale
Storefront Retail/Office - FOR SALE
1/11
null | Request Cap Rate

2007 S Highway 27
Somerset, KY 42501


OVERVIEW

Cushman and Wakefield | Commercial Kentucky is pleased to offer for sale 2007 South Highway 27, located in Somerset, KY. This fully-leased retail strip center sits on the most dominant retail outlot in Pulaski County. The retail center is part of the major retail corridor on Highway 27, with major anchor tenants Lowe’s and Walmart. According to PlacerAI, the retail center sees a monthly visit count of over 420,000 visitors. There is also a signalized entrance at the corner of Washington Dr. and Highway 27 allowing easy ingress/egress. Across Hwy 27, sits another large, anchored retail center with Ross and Bealls. Directly southeast sits a newly opened Best Western Inn. The property has excellent frontage along S Hwy 27, with daily traffic counts along Highway 27 of over 26,800. In addition to the high overall daily traffic count figures, the mix of such a large number of area businesses and retailers creates a very favorable daytime population demographic, which will sustain the retail vibrancy of this location into the future. Originally built and delivered in late 2016, the 6,930 SF center is 100% occupied with three Amazon proof tenants, each of which has multiple options of term left. The center also offers abundant parking.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Somerset Lowe's Out Parcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C-1

APN/PARCEL ID

061-3-0-91

ASK ABOUT THIS PROPERTY

Craig CollinsCushman & Wakefield | Commercial KentuckyMore Info
502-719-3221

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Craig CollinsCushman & Wakefield | Commercial KentuckyMore Info
502-719-3221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.