786 Eastern Pkwy

Investment Overview

Multi-tenant retail strip on the hard corner of Eastern Parkway and Preston Street (signalized intersection). The strip totals ±18,469 SF on ±0.74 acres, C-1 zoning, with dual frontage and ±27 parking spots plus shared spaces. Family Dollar (±7,392 SF) anchors the property at $6,000/mo through December 31, 2029, with a 5-year option and rent bump ($6,600/mo) thereafter. Dance studio build-out in progress on ±2,500 SF of the vacant footprint. Remaining SF offers lease-up and owner-user upside across a ±6,200 SF suite and a ±1,300 SF suite with an existing freezer.

Investment Highlights

• Contact 502.306.3635 for more information.
• Hard corner at Eastern & Preston with signalized access and dual frontage
• Family Dollar lease through 12/31/2029 (+ option 2030–2034)
• ±18,469 SF on ±0.74 AC
• C-1 Zoning
• Vacant / value-add footprint: ±6,200 SF suite & ±1,300 SF suite
• AADT: Eastern 16,480 / Preston 13,522
• Built 1934 / renovated 2020
• Parking ±27 spaces + additional shared
• Owner-users: buy the whole asset with tenants in place and occupy the vacant suite/s
• Investors: Lease-up in progress on the remaining vacancies
• Pricing Guidance: Sale pricing starts at $1,500,000 today and will increase as the two vacancies are leased. Lease rates depend on build-out and terms, $12–$18 PSF range.