1059 Cedar Knoll Dr | Ashland, KY 41102
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1059 Cedar Knoll Dr
Ashland, KY 41102
Dollar Tree Anchored Center w/ Upside · Retail Property For Sale
Investment Highlights
- 16,000 Square Foot Dollar Tree Anchored Shopping Center with Upside Potential
- Offered at 8.5% Cap Rate on Current Income at 62.5% Occupancy; Stabilized Cap Rate of 12.55% Based on Conservative Market Rent Estimates
- Located in Ashland, KY – Largest Urban Area in Eastern Kentucky and Part of the Huntington-Ashland MSA with 360,000+ Residents
- Dollar Tree Has Been Tenant Since 2009 and Recently Signed Option As-Is with no Rent Increase Negotiations
- Situated at Intersection with Direct Frontage and Access from Route 60 (26,899 Vehicles Per Day) and Across from Rural King
- Supportive Demographics of 21,972 Residents Within 5 Miles and Average Household Income of $67,877
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,000 SF
Building Class
C
Year Built
2005
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.29 AC
Parking
63 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
148 FT on Cedar Knoll Dr
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 025-04-00-035.31 | Improvements Assessment | $650,000 |
| Land Assessment | $325,000 | Total Assessment | $975,000 |
PROPERTY TAXES
Parcel Number
025-04-00-035.31
Land Assessment
$325,000
Improvements Assessment
$650,000
Total Assessment
$975,000
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