5079 Frederica St – Owensboro

$ 3,000,000.00
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 $3,000,000.

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 Towne Square Mall.

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

Nationally-known tenant constructing new free-standing store on the property.

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

6% cap rate.

Ideal for 1031 exchange.

No management responsibilities.