Westview Shopping Center

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700 Burkesville Rd
Albany, KY

Price: $2,220,000

Cap: 8.25%

NOI: $182,967

Building Size: 39,161 SF

Lot Size: 6.6 AC

Investment Highlights

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.

Zach Taylor

678-808-2780 | EMAIL >

Eric Abbott

678-808-2746 | EMAIL >

OFFERING MEMORANDUM

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