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3980 Dixie Hwy
Louisville, KY 40216
Walgreens: Louisville, KY · Retail Property For Sale
Investment Highlights
- NNN Lease with Renewal Options | 5.00% Escalations Every 5 Years
- Located at the Signalized Intersection of Dixie Highway (26,507 VPD) & Crums Lane (14,268 VPD)
- Louisville-Jefferson County, KY-IN Advantage | MSA Population: 1.3M+
- 5 Miles South of Downtown Louisville, KY
- 4.3 MSF of retail, 1.5 MSF of office, 16.8 MSF of industrial and 10,703 multifamily units within a 3-mile radius.
Executive Summary
The CBRE Net Lease Property Group is pleased to announce for sale the 13,905-square-foot Walgreens situated on 1.57 acres in Louisville, Kentucky -- part of the Louisville-Jefferson County, KY-IN MSA (MSA Population: 1.3M+). The site is subject to a ±13.2-year absolute NNN lease with a 5% rent increase every 5 years throughout the term and in each of the twelve 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
13,905 SF
Year Built
1996
Price
$4,461,162 CAD
Price Per SF
$320.83 CAD
Cap Rate
6.50%
NOI
$289,976 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.57 AC
Zoning
C2-COMMERC
Parking
81 Spaces (5.83 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 101500090000 | Improvements Assessment | $2,950,528 CAD |
| Land Assessment | $981,711 CAD | Total Assessment | $3,932,240 CAD |
Property Taxes
Parcel Number
101500090000
Land Assessment
$981,711 CAD
Improvements Assessment
$2,950,528 CAD
Total Assessment
$3,932,240 CAD
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