Value Add Retail Center - Flemingsburg, KY

Highlights:

• Fully leased 5,000 SF retail center with 4 units
• Tenants: AT&T (Prime Communications), Little Caesars, Jackson Hewitt, and Spotlight Realty KY
• Retail center offered at an 8.0% cap rate based on Year 1 NOI of $35,423, valued at $442,787
• Includes adjacent 0.53-acre development parcel, valued at $107,213
• Zoned Highway Business – suitable for retail expansion or pad site
• Adjacent to major community anchors: Fleming County Hospital, Fleming County High School, McDonald’s, and Arby’s
• Ideal for local investors, owner/users, or 1031 exchange buyers

Description:

SVN Stone Commercial Real Estate is pleased to present a fully leased retail investment opportunity with an additional development component at 55 JB Shannon Drive in Flemingsburg, KY. The offering includes a 5,000 SF four-unit retail center and an adjoining 0.53-acre commercial lot.

The center features a solid tenant mix including AT&T, Little Caesars, Jackson Hewitt Tax Service, and Spotlight Realty KY. Each suite is separately metered, and leases reflect a combination of gross and modified gross structures. Based on actual operating performance, the retail center is being offered at an 8.0% cap rate @ $442,787. The additional 0.53-acre development parcel—valued at $107,213—is included in the total offering price of $550,000 and provides an excellent opportunity for expansion, pad development, or additional parking.

The site benefits from strong visibility and access off KY-11 and is located adjacent to key community drivers including Fleming County Hospital, Fleming County High School, McDonald’s, and Arby’s.

For additional information, please contact Weston Lockhart at weston.lockhart@svn.com // 859-317-3538 or Nathan Dilly at nathan.dilly@svn.com // 859-420-5492.

Flemingsburg, Kentucky, is the county seat of Fleming County, located in northeastern Kentucky. The county spans approximately 351 square miles and sits at an elevation of about 850 feet. Named in honor of early settler Colonel John Fleming, the area is known for its rolling hills and rich agricultural heritage, particularly in tobacco and livestock production.

While not directly connected by interstate highways, Flemingsburg is accessible via Kentucky Routes 11 and 32, providing convenient routes to nearby regional centers such as Morehead, Maysville, and Mt. Sterling. As of the most recent estimates, Fleming County has a population of approximately 15,000, with Flemingsburg serving as its economic and cultural hub.

The county offers a quiet rural lifestyle with strong community values and is part of the Buffalo Trace region, known for its historical significance and scenic landscapes.

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