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Lake Forest Center

$4,800,000

4551 Springhill Dr, Owensboro, KY 42303

Active
Last Updated: 07/03/2025

7.09

Cap Rate

340,333

NOI

Details:
Cap Rate:    7.09%
NOI:    $340,333
Building Size:    20,000 sqft
Lot Area:    2.73 acres
Units:    4
Year Built:    2017
Floors:    1
Highlights:
  • $4,800,000
  • 100% Occupied
  • NNN Leases
Description:

Discover an exceptional investment opportunity in the heart of Owensboro with this prime Retail/Strip Center property. Boasting a 20,000 SF building constructed in 2017, this meticulously maintained asset is a compelling addition to any investment portfolio. Zoned B-4, the property offers versatility for various retail and commercial uses, ensuring a potential for long-term success. Currently 100% occupied with NNN leases in place, this turnkey investment generates stable income annually with built-in rent bumps.

Note: The 4,000 sf containing 54 Wine and Spirits has been condo'd off and sold in 2023.

Discover the vibrant community surrounding Lake Forest Center in Owensboro, KY. This prominent commercial hub is situated in a thriving retail district, offering high visibility and access to a strong consumer base. The area is home to popular shopping destinations, including a Super Walmart, Kohl's and Gateway Commons, attracting a steady flow of foot traffic and shoppers. Nearby amenities such as restaurants, entertainment venues, and recreational facilities create a welcoming atmosphere for businesses. With easy access to major roadways and surrounded by residential neighborhoods, the location offers an ideal environment for a Retail/Strip Center investment opportunity. Experience the dynamic energy and strategic potential of this prime commercial location in Owensboro.

Map:
4 Spaces Available

Unit 5 Strip Center

Available:
Immediately
Sublease:
No
SQFT
8,000
Lease Type:
Gross

This space was formerly USA Bridal and it can be subdivided. The Landlord will do a portion of tenant buildout as part of a 5 year lease at $16/sf NNN.

Unit 6 Strip Center

Available:
Immediately
Sublease:
No
SQFT
2,000
Lease Type:
Gross

Shell space - Landlord will do a portion of tenant buildout as part of a 5 year lease at $16/sf NNN.

Unit 7 Street Retail

Available:
Immediately
Sublease:
No
SQFT
2,000
Lease Type:
Gross

Shell space - Landlord will do a portion of tenant buildout as part of a 5 year lease at $16/sf NNN.

Unit 3 Strip Center

Available:
Immediately
Sublease:
No
SQFT
4,000
Lease Type:
Gross

Description with tenant buildout

Documents:
Title
NEW - Lease Brochure
View
Lake_Forest_Center_-_Offering_Memorandum.pdf
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Location
Gallery