Family Dollar & Shops | Low Price Point Retail Investment | 100% Leased

2005-2007 East Main Street, Cumberland Kentucky, 40823

Listing ID: CL-Kentucky-28228 Commercial Free Standing Retail
Published on: Friday, August 14, 2026 | Updated on: Friday, August 14, 2026

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

  • 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).

  • 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.

  • Exceptional Decades-Long Site Tenure: Unmatched historical commitment from all three tenants:

    • Family Dollar: Operating at this site since 1982 (40+ years of site history).

    • Subway: Operating at this site since 2002.

    • H&R Block: Operating at this site since 2003.

  • 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.

  • 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:

  1. 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.

  2. Subway: A global QSR staple occupying a dedicated suite since 2002, providing consistent daily vehicular traffic and foot flow to the retail strip.

  3. 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

Property Documents

No documents available.

Complete Details

  • Year Build: 1960
  • Building Size: 15,335 SqFt
  • No of Stories: 1
  • Total Lot Area: 2.73 Acr
  • No of Total Units: 1
  • Heating and Cooling: Not Specified
  • Building Class: Class B

Pricing Details

Additional Features

Highlights
  • 100% leased to three national credit tenants: Family Dollar, Subway and H&R Block
  • Family Dollar – 44-year operating history at Subject Property: Family Dollar has operated at the Property since 1982, Subway since 2002 and H&R Block since 2003
  • Family Dollar lease through January 2033, with four additional five-year extension periods
  • 2023 Family Dollar store expansion and prototype renovation modernized the anchor space and enhanced the overall presentation of the center
  • Additional 36,590-square-foot / 0.84-acre tract fronting East Main Street included with the offering
Features
  • Price Per Foot: $82
  • Remodeled: 1982 & 2023

Listing Location

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