pOpshelf
9,998 SF | Retail Building | Hopkinsville, KY 42240 | $2,995,167 ($300/SF) | 6.60% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,995,167
- Property Type
-
Retail
- Square Feet
- 9,998 SF
- Price / Square Foot
- $300
Listing Contacts
Bryan Bender
Verified Profile
- Property Info
Property Overview
Fortis Net Lease is pleased to present this brand new 9,998 SF. pOpshelf store located in Hopkinsville, Kentucky - part of the Hobby Lobby anchored Hopkinsville Towne Center. pOpshelf is Dollar General's newest retail store concept aimed at engaging customers with a fun, affordable and stress-free shopping experience. The property offers a 15 Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains Four (5 year) options to renew, each with a 10% rental rate increase. The lease is corporately guaranteed by Dollar General Corporation which holds a credit rating of “BBB”, which is classified as Investment Grade. The store has completed construction and successfully opened for business in October 2023.
This pOpshelf is highly visible as it is strategically positioned off of Eagle Way, which sees 17,466 cars per day, on Fort Campbell Blvd, which sees 19,093 cars per day and is a main retail thoroughfare into downtown Hopkinsville. An outlot in Hopkinsville Towne Center, the tenant make-up includes Hobby Lobby, Burkes Outlet, TJ Maxx, Ross Dress For Less, ULTA Beauty, PetSmart, GNC, Rack Room Shoes, Five Below, Maurices, & Cato Fashions. Hopkinsville Towne Center is a neighborhood shopping center and is about 1mile from The Bruce Convention Center (a 26,000 SF meeting and expo facility) and new Planters Bank-Jennie Stuart Health Sportsplex Hopkinsville (a 54,000 SF climate-controlled indoor sports complex). The five mile population from the site is 31,781 while the one mile average household income is $62,193 per year, making this location ideal for a pOpshelf store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a pOpshelf store. List price reflects a 6.60% cap rate based on the NOI of $197,681.04.
This pOpshelf is highly visible as it is strategically positioned off of Eagle Way, which sees 17,466 cars per day, on Fort Campbell Blvd, which sees 19,093 cars per day and is a main retail thoroughfare into downtown Hopkinsville. An outlot in Hopkinsville Towne Center, the tenant make-up includes Hobby Lobby, Burkes Outlet, TJ Maxx, Ross Dress For Less, ULTA Beauty, PetSmart, GNC, Rack Room Shoes, Five Below, Maurices, & Cato Fashions. Hopkinsville Towne Center is a neighborhood shopping center and is about 1mile from The Bruce Convention Center (a 26,000 SF meeting and expo facility) and new Planters Bank-Jennie Stuart Health Sportsplex Hopkinsville (a 54,000 SF climate-controlled indoor sports complex). The five mile population from the site is 31,781 while the one mile average household income is $62,193 per year, making this location ideal for a pOpshelf store. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a pOpshelf store. List price reflects a 6.60% cap rate based on the NOI of $197,681.04.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 97,574 SF
Highlights
- Hopkinsville Towne Center Outlot | 184,000 SF Neighborhood Shopping Center.
- Hobby Lobby, Burkes Outlot, TJ Maxx, Ross Dress For Less, & ULTA Beauty Anchored.
- Mile from Bruce Convention Center (26K SF Meeting & Expo Facility) and Planters Bank-Jennie Stuart Health Sportsplex (54K SF Indoor Sports Complex)
- On Main Retail Thoroughfare | Lowes (ranked in top 15% of US), Walmart (ranked in top 12% of US), Kroger (nearly 1M visitors/yr).
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