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204 W G L Smith St
Morgantown, KY 42261

$1,350,000 USD

Freestanding For Sale  •  6,895 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 6,895 SF
  • Lot Size 0.67 AC
  • Building Class C
  • Year Built 2015
  • Cap Rate 6.68 %
  • Tenancy Single
  • Zoning CB
0 Transit Score
39 Walk Score

Highlights

The property is situated at the signalized intersection of W G L Smith Street (6,641 VPD) and N Tyler Street with two points of ingress/egress.
The area along W G L Smith Street is home to prominent national/regional retailers, including Walgreens, Morgantown Bank & Trust, NAPA, Ace Hardware
There are +5.4 years remaining on the original term, with three additional 5-year renewal options available, each featuring a 5% rent increase.
The lease is double-net (NN), meaning the landlord’s responsibilities are minimal.
Advance Auto Parts (NYSE: AAP) is the leading automotive aftermarket parts provider in North America, with a network.

Property Flyers

Cap Rate: 6.68 %

Amenities

  • Corner Lot
  • Signage
  • Signalized Intersection
  • Monument Signage
Tyler Bindi 310-909-2374 Marcus & Millichap
Tyler Bindi 310-909-2374 Marcus & Millichap