Listing Summary
100% Leased National Tenant Retail Center for Sale in Cumberland, KY | 7.70% Cap Rate
Prime $1.253M Family Dollar anchored retail center in Cumberland, KY. 100% occupied by Family Dollar, Subway, & H&R Block with over 40+ years of proven site tenure.
Full Description
Commercial Real Estate Investment Listing: 2005–2007 East Main Street
Prime 100% Leased National Retail Center in Cumberland, KY
Lee & Associates, in association with ParaSell, Inc., is pleased to present the exclusive fee-simple opportunity to acquire 2005–2007 East Main Street, a 100% leased, Family Dollar-anchored retail center located in Cumberland, Kentucky. Positioned as a premier necessity-based commercial real estate investment, the 15,335-square-foot retail center is offered at $1,253,000 ($82/SF).
Generating a stable annualized Net Operating Income (NOI) of $96,518, this asset delivers an attractive 7.70% capitalization rate at an accessible price point. The center is fully occupied by three recognized national credit tenants: Family Dollar, Subway, and H&R Block. Combining long-term corporate commitments, historical tenant retention, and flexible land holdings, this property represents an ideal acquisition for 1031-exchange investors and private wealth funds seeking passive, high-yield commercial income.
Key Investment Highlights & Strategic Advantages
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100% Leased to National Credit Tenants: Secured by a corporate mix of necessity-based retail (Family Dollar), quick-service restaurant (Subway), and financial consumer services (H&R Block).
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Attractive High-Yield Returns: Offered at a strong 7.70% Cap Rate with a low acquisition basis of just $82 per square foot, well below replacement costs.
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Exceptional Decades-Long Site Tenure: Unmatched historical commitment from all three tenants:
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Family Dollar: Operating at this site since 1982 (40+ years of site history).
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Subway: Operating at this site since 2002.
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H&R Block: Operating at this site since 2003.
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Major 2023 Renovation & Lease Extension: Family Dollar expanded its operational footprint to 11,310 SF, completed a modern prototype store renovation in 2023, and extended its lease term through January 2033.
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Bonus Development/Outlot Parcel: Includes approximately 2.37 acres spread across two tracts and seven parcels, featuring a separate 0.84-acre ($\pm 36,590\text{ SF}$) pad site fronting East Main Street for potential future development or carve-out sale.
Diversified & Necessity-Based Tenant Mix
The property's synergy is built upon a recession-resistant mix of everyday daily-needs retail and service providers:
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Family Dollar (Anchor Tenant): Occupying 11,310 SF (approx. 74% of GLA), Family Dollar serves as the primary regional retail draw. Their 2023 store renovation and lease expansion through 2033 demonstrate heavy capital commitment and reliable sales performance at this location.
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Subway: A global QSR staple occupying a dedicated suite since 2002, providing consistent daily vehicular traffic and foot flow to the retail strip.
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H&R Block: A legacy consumer financial services tenant operating on site since 2003, offering steady, reliable rental income.
Detailed Property & Investment Specifications
| Property Parameter |
Specification Details |
| Property Address |
2005–2007 East Main Street, Cumberland, KY 40823 |
| Offering Price |
$1,253,000 |
| Price / SF |
$81.71 / SF ($\approx $82\text{/SF}$) |
| Cap Rate |
7.70% |
| Current Net Operating Income (NOI) |
$96,518 |
| Occupancy |
100% |
| Gross Leasable Area (GLA) |
15,335 SF |
| Total Land Area |
$\pm 2.37\text{ Acres}$ (2 Tracts / 7 Parcels) |
| Outlot / Frontage Tract |
$\pm 0.84\text{ Acres}$ ($\pm 36,590\text{ SF}$) |
| Tenants |
Family Dollar, Subway, H&R Block |
| Anchor Lease Expiration |
January 2033 (Family Dollar) |
| Ownership Interest |
Fee Simple |
Site & Submarket Overview
Situated directly along East Main Street, the property serves as a central retail hub for Cumberland and the surrounding Harlan County community. The combination of high street visibility, direct access, and an extra 0.84-acre commercial parcel included in the sale provides a unique value-add opportunity to either develop additional retail space, hold for land appreciation, or execute a future parcel spin-off.
With a streamlined single-building physical layout and a roster of national, e-commerce-resistant operators, 2005–2007 E Main Street delivers maximum passive income security with minimal management overhead.
Quick Glance
- Listing ID:
CL-Kentucky-28228
- Status:
Active
- Year Build:
1960
- Building Size:
15,335 SqFt
- Lot Size:
2.73 Acr
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