Price Reduced – 5079 Frederica St

$ 2,950,000.00
Purpose Sale
Type: ,
Total Lot Size2.26 AC
Building ClassA
Property UseThis is an Investment Property
Construction StatusUnder Construction/Proposed

Address: 5079 Frederica Street, Owensboro, KY 42301

National Credit Tenant – Investment Opportunity $2,950,000.

Ground lease to Harbor Freight.

+/- 2.26 acres zoned for commercial use on high-traffic retail corridor.

Ideal location near Walmart Supercenter, Target, Best Buy, Sam’s Club and AT&T Store.

Brand-new 10-year land lease recently signed with four additional 5-yr options.

Credit Quality Tenant in a Free Standing retail store (15,500 SF) on the property.

Signalized intersection with a daily traffic count of 7653(12) Sta. E01.

6.1% cap rate.

Ideal for 1031 exchange.

No management responsibilities.