1491 S Danville Byp
Danville, KY 40422

Aspen Dental & AT&T - Two Tenant Asset - 7% CAP The subject property is a new construction, two-tenant building located on the major retail corridor in Danville, which is just 35 miles from Lexington and is part of the Lexington MSA. The asset is an outlot pad in the Ridgefield Shopping Center, anchored by Kroger, Hobby Lobby, Tractor Supply, T.J.Maxx, Dollar Tree, and Liquor Barn. Ridgefield Shopping Center underwent a major reposition in 2014/2015 and this is the last piece of the center to be redeveloped. Every one of the tenants in the center were put on new leases within the last two years. The subject property is fully leased to two corporate credit tenants: Aspen Dental and AT&T, both of which signed new 10-year leases with bumps in the rent and options at the lease expirations. The subject property is a new construction, two-tenant building located on the major retail corridor in Danville, which is just 35 miles from Lexington and is part of the Lexington MSA. The asset is an outlot pad in the Ridgefield Shopping Center, anchored by Kroger, Hobby Lobby, Tractor Supply, T.J.Maxx, Dollar Tree, and Liquor Barn. Ridgefield Shopping Center underwent a major reposition in 2014/2015 and this is the last piece of the center to be redeveloped. Every one of the tenants in the center were put on new leases within the last two years. The subject property is fully leased to two corporate credit tenants: Aspen Dental and AT&T, both of which signed new 10-year leases with bumps in the rent and options at the lease expirations.