6009 Timber Ridge Dr, Prospect, KY 40059 - shopping center property

Detailed information about shopping center property which situated in Prospect (40059) city, Kentucky state on 6009 Timber Ridge Dr.

Additional Information: Gant Hill & Associates are pleased to present for sale, Prospect Village Shopping Center an 153,486 SF anchored shopping center located in Prospect, Kentucky. With 93.12% occupancy, the Prospect Village provides an investor with stable cash flow from an impressive lineup of national, regional and local credit tenants in a strategic location in one of the most affluent areas of the city of Louisville. Developed in 2000, Prospect Village is located in the heart of the City of Prospect situated upon an approximate 14.78 acre site along Timber Ridge Drive, between Upper River Road and U.S. Highway 42. Over the years, the center has provided a stable tenant base with high occupancy and high tenant retention. The City of Prospect’s well established property values combined with the lack of potential future retail development opportunities due to available land and zoning regulations, gives an investor a safe venture opportunity. The retail center serves both northeastern Jefferson County and Northwestern Oldham County households which according to the most recent census are noted as a high net worth yet drastically underserved marketplace. The Prospect Village Shopping Center offers an investor the opportunity to acquire a stabilized, well-located center with strong national tenants. Pursuant to rent roll, over 73% of the gross leasable area is leased by creditworthy national retailers. The rent roll at Prospect Village currently includes the following national credit tenants: Kroger, Starbucks,Papa John’s, Snap Fitness, Great Clips, Subway and Sam Meyers. Fiscal Year End Sales Per Square Foot for anchor was $655.77.