Properties

Michaels, Bowling Green, KY

2313 Gary Farms Boulevard
Bowling Green, KY 42104

PROPERTY SOLD

Property: Investment Sales

Price: $3,110,000

Cap Rate: Call

Description:

• Located along I-65 in the commercial hub for the south central KY region
• Primary trade area population of approx. 250,000 spanning 10 counties
• Adjacent to Kohl’s and several other national retailers and restaurants
• 18,391 square foot retail store on 0.85 acres with 90 parking spaces
• Michaels is on a 10 year net lease that commenced in September 2012
• All cash transaction closed escrow in November 2012 for $3.11 million
• The buyer was a private REIT and national investment company out of AZ