Festival Plaza
2 Retail Properties Offered at $4,450,000 in Glasgow, KY
INVESTMENT HIGHLIGHTS
- +/-41,176 SF retail shopping center adjacent to Barren River Plaza (the largest shopping center in Glasgow)
- 100% leased with a mix of national and local tenants
- Anchored by Hibbett Sports, Shoe Sensation, TJ Fit for Life and La Nacional
EXECUTIVE SUMMARY
NAI Isaac is pleased to present a great investment opportunity for Festival Plaza, a +/-41,176 SF retail shopping center adjacent to Barren River Plaza (the largest shopping center in Glasgow). Anchored by Hibbett Sports, Shoe Sensation, TJ Fit for Life and La Nacional. Barren River Plaza is anchored by Marshalls, Ruler Foods by Kroger, Five Below, Bealls and TJ Samson Community Hospital Health Pavilion. Glasgow, Barren County, Kentucky is in south-central Kentucky, about 90 miles southeast of Louisville and 94 miles northeast of Nashville. Mammoth Cave National Park includes the world's longest cave, with more than 300 miles of mapped passageways and attracts some 2 million visitors annually. The caves were first explored by Indians thousands of years ago. Mammoth Cave National Park also includes 30 miles of rugged trails, 52,000 acres of hardwood forests, camping, canoeing, fishing, and picnicking.
PROPERTY FACTS
| Price | $4,450,000 |
| Price / SF | $109.83 / SF |
| Cap Rate | 7.53% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 40,517 SF |
| Total Land Area | 5.57 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 102 Shane Dr, Glasgow, KY 42141 | Retail | 9,335 SF | 1999 | - |
| 106 Shane Dr, Glasgow, KY 42141 | Retail | 31,182 SF | 1996 | - |
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