National Tenants – Aspen Dental is a corporate lease and represents 46% of the rent roll. The Cricket store is operated by an authorized dealer that has 25 locations in Tennessee and Kentucky (13 under RYMCO, LLC). The franchisee for Domino’s Pizza, Team Pizza, LLC, operates 23 stores in Kentucky and Ohio.
Rental Rate Increases – Aspen Dental’s base rent will increase 10% in January 2022 and Dominos base rent will increase 10% in 2024.
Excellent Retail Site – The property is located along the main retail corridor in Middlesboro. The stores benefit from easy access, pylon signage, ample parking and unobstructed visibility along 12th Street (14,946 AADT). Walmart Supercenter and the Middlesboro Mall featuring AMC movie theater, JC Penney, Belk, Bath & Body Works, Dollar Tree, and Hibbett Sports are in the immediate vicinity. Food City and Kroger are also located along N 12th Street.