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Dollar Tree Manor 363 Versailles Rd

41,771 SF 100% Leased Retail Building Frankfort, KY 40601 $3,825,000 ($92/SF)

Investment Highlights

  • Recent lease extensions by Dollar Tree, Kentucky Blood Center and Metro PCS
  • Located 20 miles to Lexington and 55 miles to Louisville
  • Excellent visibility on US 60 across from Brighton Park Shopping Center and a mile from I-64
  • Area retailers include Kroger, Walgreen's, McDonald's, Save-A-Lot, Auto Zone and Advanced Auto Parts

Executive Summary

100% occupied +/- 41,770 shopping center on 3.11 acres

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
41,771 SF
Building Class
B
Year Built/Renovated
1984/2004
Price
$3,825,000
Price Per SF
$92
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
3.11 AC
Zoning
C - Commercial
Parking
163 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
289 FT on Versailles Rd

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • -
  • 8,753 SF
  • -
  • -

At Dollar General, their actions are guided by a simple mission: Serving Others. For their customers, this means placing them at the center of all they do, working every day to deliver value and convenience through their neighborhood general stores. For their employees, this means respect and the opportunity to grow and develop their careers, and for their communities, this means helping support the communities they call home. They strive to make shopping hassle-free and affordable with easy-to-shop stores. Their stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, seasonal items, paper products and much more from America’s most-trusted brands and products, along with high-quality private brands.

  • -
  • 20,493 SF
  • -
  • Apr 2018

At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.

  • -
  • 500 SF
  • -
  • -

At Metro by T-Mobile, they believe in the power of connection. They’re all about giving customers reliable wireless service at a fair price so they can stay connected to the people, places, and moments that light up their world. And they do it with unwavering transparency and simplicity. They deliver a customer experience that’s BS-free and crystal-clear. They do that with transparent pricing, with taxes and fees included in the plan price so customers know what to expect every month. They also do it with unlimited talk, text, and data, so they have the freedom to stay connected on T-Mobile's leading 5G network. And they have thousands of stores to make sure there’s one in all neighborhoods. They’ve built a brand that customers have chosen, making them the undisputed leader in prepaid. With Metro, customers score access to the nation’s largest 5G network and the largest selection of free 5G phones in prepaid.

  • -
  • 1,500 SF
  • -
  • -

At Metro by T-Mobile, they believe in the power of connection. They’re all about giving customers reliable wireless service at a fair price so they can stay connected to the people, places, and moments that light up their world. And they do it with unwavering transparency and simplicity. They deliver a customer experience that’s BS-free and crystal-clear. They do that with transparent pricing, with taxes and fees included in the plan price so customers know what to expect every month. They also do it with unlimited talk, text, and data, so they have the freedom to stay connected on T-Mobile's leading 5G network. And they have thousands of stores to make sure there’s one in all neighborhoods. They’ve built a brand that customers have chosen, making them the undisputed leader in prepaid. With Metro, customers score access to the nation’s largest 5G network and the largest selection of free 5G phones in prepaid.

  • -
  • 6,800 SF
  • -
  • Jun 2023

Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for their customers. They understand that making decisions about big items like furniture, appliances, and electronics is a big deal, which is why they offer the Rent-A-Center Worry-Free Guarantee: They give people the name-brand items they want, like Ashley Furniture, Whirlpool appliances and Samsung electronics, at a payment they can afford with the option to own it when they are ready. Plus, they offer six months same as cash, an early purchase discount, competitor price match and free same-day delivery.

Tenant Industry SF OCCUPIED RENT/SF Lease End
- 8,753 SF - -
- 20,493 SF - Apr 2018
- 500 SF - -
- 1,500 SF - -
- 6,800 SF - Jun 2023

Nearby Major Retailers

Farmers Bank
Fifth Third Bank
Starbucks
The Kroger Co
WesBanco
Blimpie

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
086-10-06-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,900,000
  • Listing ID: 33376136

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 363 Versailles Rd, Frankfort, KY 40601

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