Family Dollar & Shops | Low Price Point Retail Investment | 100% Leased
2005-2007 East Main Street, Cumberland, KY 40823
Price: $1,253,000
Status: Available
Cap Rate: 7.70%
Year Built: 1960 / Remodeled 1982 & 2023
NOI: $96,518
Lot Size: 2.37 acres
Price Per Foot: $82
Lease Type:
Remaining Term:
GLA: 15,335 sqft
Property Intro
Lee & Associates, in association with ParaSell, Inc., is pleased to present the fee-simple opportunity to acquire a 100% leased, Family Dollar-anchored retail investment located at 2005–2007 East Main Street in Cumberland, Kentucky. Offered at $1,253,000 ($82/PSF), the 15,335-square-foot property generates current annualized net operating income of $96,518, representing a 7.70% capitalization rate. The center is occupied by three national credit tenants—Family Dollar, Subway and H&R Block—providing diversified income through a complementary mix of necessity-based retail, quick-service dining and consumer services. The Property is distinguished by an exceptional history of tenant occupancy: Family Dollar has operated at the location since 1982, Subway since 2002 and H&R Block since 2003. Family Dollar occupies 11,310 square feet under a lease extending through January 2033 and completed a store expansion and prototype renovation in 2023, reinforcing its long-term commitment to the location. The offering includes approximately 2.37 acres across two tracts and seven parcels, including a separate approximately 36,590-square-foot, 0.84-acre tract fronting East Main Street. At an accessible acquisition basis, the Property combines durable national tenancy and diversified income with a streamlined, single-building ownership profile.