Food City Anchored Center (Leasehold)

Investment Highlights

GLYNVIEW PLAZA | GROCERY-ANCHORED VALUE-ADD OPPORTUNITY
• The subject property is a 69,976 SF grocery-anchored shopping center in Prestonsburg, KY
• The center is anchored by a Super Dollar, a concept by Food City (Food City guarantee with 155 locations)
• The subject property is a leasehold interest with 27 years remaining
• Priced well below replacement cost $44.3
• Average Rent: $5.85

HIGH-PERFORMING GROCERY-ANCHORED TENANT FOOD CITY-BACKED (155 LOCATIONS)
• Super Dollar has occupied the site for nearly 40 years
• Backed by Food City, a strong regional grocery operator with 155+ locations across the Southeast
• Health Ratio: 2.2%
• 2024 Sales: $6.39M.

STRATEGIC INTERSTATE LOCATION
• Prestonsburg serves as a regional hub in Eastern Kentucky with strong retail fundamentals
• The center is located near major national retailers, including Walmart, Lowe’s, and more
• Convenient access to US-23 and KY-114 drives consistent visibility and accessibility

HISTORY OF STRONG PERFORMANCE
• Average tenant tenure: 15+ years
• Nine tenants have exercised options to renew since 2023

PRESTONSBURG, KY
• Prestonsburg is a charming Appalachian town nestled in the foothills of Eastern Kentucky
• Located along the Levisa Fork of the Big Sandy River, offering scenic mountain views and outdoor recreation