Frankfort Depot is a 30,919-square-foot retail center located in Frankfort, Kentucky, acquired by Apta Investment Group in May 2021. The property sits adjacent to a corporate-owned Kroger store and near an I-64 interchange currently undergoing city-funded infrastructure improvements, providing the kind of daily-necessity anchoring and traffic visibility that supports consistent tenant demand and occupancy across economic cycles.
This is an Apta-originated investment, sourced and sponsored directly by Apta Investment Group as part of our grocery-anchored and community retail strategy. The property was 100% occupied at acquisition and has maintained full occupancy, supported by a tenant mix that serves the day-to-day needs of the surrounding community.
Frankfort’s economic profile is distinct and durable. As both the state capital of Kentucky and home to Kentucky State University, the city draws a consistent population of government employees and students, providing a stable customer base that is less sensitive to broader economic fluctuations than purely commercial markets. The city’s investment in the surrounding interchange infrastructure further strengthens the property’s long-term accessibility and appeal.
The investment thesis was straightforward: a fully occupied, necessity-based retail center adjacent to a national grocery operator, in a market with stable government-driven employment, acquired at a basis that supported strong cash flow from day one.
