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Pleasure Ridge Town Centre 8507-8541 Terry Rd 94,229 SF 72% Leased Retail Building Louisville, KY 40258 $7,534,080 CAD ($79.96 CAD/SF)
EXECUTIVE SUMMARY
Hoagland Commercial Realtors is pleased to present the Pleasure Ridge Town Centre ("Property") For Sale in the heart of Louisville, KY. This prime value-add investment opportunity spans over 94,000 SF across 7.96 acres. Anchored by Dollar General (BBB/Baa2), who recently renewed for an additional 10-years, the Property offers a great tenant mix blending investment-grade credit with both local and regional operators.
Current ownership has maintained the Property incredibly well, allowing new ownership the opportunity to focus on continuing to reach stabilization through lease-up. Additional value-add levers include development of additional pad-sites, market rate renewals and NNN conversions. This Property had a full roof replacement in 1Q'2023 and recently underwent a zoning change to C-2, allowing for a higher variety
mix of retail and commercial uses.
Pleasure Ridge Town Centre presents an appealing investment opportunity for an owner-occupant or
investor, with a large amount of value still available to be added and realized.
Please contact brokers to obtain the full OM and financial package.
Current ownership has maintained the Property incredibly well, allowing new ownership the opportunity to focus on continuing to reach stabilization through lease-up. Additional value-add levers include development of additional pad-sites, market rate renewals and NNN conversions. This Property had a full roof replacement in 1Q'2023 and recently underwent a zoning change to C-2, allowing for a higher variety
mix of retail and commercial uses.
Pleasure Ridge Town Centre presents an appealing investment opportunity for an owner-occupant or
investor, with a large amount of value still available to be added and realized.
Please contact brokers to obtain the full OM and financial package.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
94,229 SF
Building Class
C
Year Built/Renovated
1968/2022
Price
$7,534,080 CAD
Price Per SF
$79.96 CAD
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
7.95 AC
Zoning
C-2 - Community Commercial
Parking
350 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
- Monument Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 8509
- 969 SF
- Retail
- In-Line
- Now
Space can be sub-divided.
- 8529
- 3,000 SF
- Office
- -
- Now
- 8531
- 1,375 SF
- Office
- -
- Now
- 8535
- 6,000 SF
- Office
- -
- Now
- 8539
- 3,000 SF
- Retail
- In-Line
- Now
- 8541
- 4,000 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 8509 | 969 SF | Retail | In-Line | Now |
| 8519 | 9,450 SF | Retail | In-Line | 30 Days |
| 8529 | 3,000 SF | Office | - | Now |
| 8531 | 1,375 SF | Office | - | Now |
| 8535 | 6,000 SF | Office | - | Now |
| 8539 | 3,000 SF | Retail | In-Line | Now |
| 8541 | 4,000 SF | Retail | End Cap | Now |
8509
| Size |
| 969 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
8519
| Size |
| 9,450 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
8529
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
8531
| Size |
| 1,375 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
8535
| Size |
| 6,000 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
8539
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
8541
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
8519
| Size | 9,450 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Space can be sub-divided.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,595,593 CAD | |
| Land Assessment | $1,455,262 CAD | Total Assessment | $4,050,854 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,455,262 CAD
Improvements Assessment
$2,595,593 CAD
Total Assessment
$4,050,854 CAD
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Pleasure Ridge Town Centre | 8507-8541 Terry Rd
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