This property has sold.

Details: Retail

Asking Price: $5,800,000

Square Feet: 147,018 SF

Asking Cap Rate: 9.5%

Year Built: 1985

NOI: $550,177

SOLD – Jackson Village

1589 Kentucky 15, Jackson, KY

DOMINANT CENTER
  • Jackson Village is Breathitt County’s leading retail center with the region’s most dominant mix of powerful national, regional, and local retailers
  • Anchored by the region’s top performing Walmart with sales of over $25 Million annually, a health ratio of below 0.5% and receiving “Store of the Year” honors in 2018.
  • Recent renewals by Walmart and IGA show the commitment to center by it’s anchor tenants
  • Geographic and infrastructural barriers to entry are high with mountainous terrain throughout the region.

EXPANSIVE TRADE AREA

  • As one of the area’s sole Walmart anchored shopping centers, Jackson Village commands an expansive trade area that goes out about 45 minutes from the site.
  • An inhouse pharmacy and adjoining market leading grocer allow for a one stop shopping experience from shoppers across the region.

LOCATION

  • Jackson Village is ideally located on KY Highway 15, the main retail, business, and vacation thoroughfare between Lexington and Johnson City, TN.
  • KY DOT plans to widen parts of HY Highway 15 directly in front of Jackson Village at a cost of over $35M which should increase ease of access.
  • Jackson Village is located at a lighted intersection on KY Highway 15.

This property has sold.