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1752-1758 KY-192, London, KY, 40741

London Shopping Centers

$7,086,000

Key Information

Cap Rate
6.75%
$ per SF
$339
Tot. SF
20,899
Lot Size
1.65 Acres
Units
9
Term Remaining
± 9 Years
Type
Shopping Centers
NOI
$478,324

Highlights

• New 2025 Construction – newly constructed 10,039-SF building being completed in 2025.
• Premier Location – Kroger outparcel across from Walmart & Tractor Supply Co. anchored shopping centers in the most dense retail corridor in London. Sees over 26,375 VPD.
• Triple Net (NNN) Lease Structure – Tenants are responsible for taxes, insurance, and Common Area Maintenance (CAM).
• Long Term Weighted Average Lease Term (WALT) – Ten (10) years remaining on each lease in the center.
• Strong Tenant Mix – Current tenants include Jersey Mike’s, Cold Stone Creamery, Pizza Hut, Crumbl Cookie and Tropical Smoothie.
• Low Rents Per Square Foot – The average rent per square foot of the strip center is $21.44/sf.
• Access from I-75 Between Knoxville & Lexington – Direct access off I-75. Located +70 miles from Knoxville, Tennessee and +65 miles to Lexington, Kentucky.
• Roadway Expansion – The ongoing expansion of Highway 192 by the city of London provides enhanced visibility and exposure for the sit

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203