606 Burkesville Rd, Albany, KY 42602
39,161 SF | 100% Leased | Retail Building | Albany, KY 42602 | $2,091,000 ($53/SF) | 8.75% Cap Rate
For Sale
Active
3 pictures
Asking Price $2,091,000
- Property Type
-
Retail
- Square Feet
- 39,161 SF
- Price / Square Foot
- $53
Listing Contacts
Zach Taylor
Eric Abbott
- Property Info
Property Overview
WESTVIEW SHOPPING CENTER
• The subject property is a 39,161 square foot grocery anchored center in Albany, KY
• Westview Shopping Center is anchored by IGA Hometown Grocery which is 60% of the GLA
• Priced below replacement cost: $55.41/SF
• Average Rent: $5.13
• WALT: 4.2 Years
IGA GROCERY STORE
• Westview Shopping Center has been anchored by IGA Hometown Grocery since the center was built in 1988
• 5 Years of remaining term
• Rent: $4.53
• IGA was founded in 1926 and is the largest independent grocery chain in the world with over 763 locations across 38 states in the US
• IGA spans across 41 other countries and has over 6,000 stores worldwide
• IGA is the #1 most visited grocery store in a 30 mile radius
ALBANY, KY
• Albany is a home rule-class city that is the county seat of Clinton County, KY
• Located 8 miles north of the Tennessee border, 133 miles northeast of Nashville, and 117 miles northwest of Knoxville
• The town is famous for being the home of Lake Cumberland and Dale Hollow Lake, with over 2,000 miles of shoreline for fishing, lake accommodations, and water recreation
• Albany’s economy is driven by Agriculture, manufacturing, and tourism.
• The subject property is a 39,161 square foot grocery anchored center in Albany, KY
• Westview Shopping Center is anchored by IGA Hometown Grocery which is 60% of the GLA
• Priced below replacement cost: $55.41/SF
• Average Rent: $5.13
• WALT: 4.2 Years
IGA GROCERY STORE
• Westview Shopping Center has been anchored by IGA Hometown Grocery since the center was built in 1988
• 5 Years of remaining term
• Rent: $4.53
• IGA was founded in 1926 and is the largest independent grocery chain in the world with over 763 locations across 38 states in the US
• IGA spans across 41 other countries and has over 6,000 stores worldwide
• IGA is the #1 most visited grocery store in a 30 mile radius
ALBANY, KY
• Albany is a home rule-class city that is the county seat of Clinton County, KY
• Located 8 miles north of the Tennessee border, 133 miles northeast of Nashville, and 117 miles northwest of Knoxville
• The town is famous for being the home of Lake Cumberland and Dale Hollow Lake, with over 2,000 miles of shoreline for fishing, lake accommodations, and water recreation
• Albany’s economy is driven by Agriculture, manufacturing, and tourism.
Property Details
- Class
- C
- Year Built
- 1988
- Stories
- 1
- Lot Size (sq. ft)
- 40,075 SF
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