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State Street Net Lease Portfolio 3 Retail Properties Offered at $12,596,782 CAD in New Albany, IN
INVESTMENT HIGHLIGHTS
- Incredible Tenant Mix - Chipotle (NYSE: CMG), Panera Bread, and BofA (NYSE: BAC) with Over 11 WALT Years Remaining.
- Thriving Community with an Average Household Income of Over $65K within Five Miles of the Subject Asset, as of 2023.
- Well Established State Street Retail Corridor | Nearby National Retailers Include: Target, Kroger, Home Depot, KFC, Arby’s, Chick-fil-A, and Others.
- Robust Traffic Counts on State Street (30k VPD) and Less than One-Half Mile from US-265 (70k VPD) and One Mile from US-64 (61k VPD).
- Subject is 6 Miles from Downtown Louisville Kentucky with a Population of 1,365,557.
- Subject Shares a Traffic Light with the Entrance to Kroger and Populates the Pad Adjacent to Target.
EXECUTIVE SUMMARY
Subjects are Newly Constructed Prime Retail Buildings Build-to-Suit for Chipotle, Panera
Bread and Bank of America. A Total of 10,817 Sq. Ft. on a 2.4-Acre Lot with Ample
Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Signalized
Intersection, Available Together or Individually.
Traditional Net Leases with Minimal Landlord Responsibility and Warranties, Chipotle has
Over 12 Years Remaining, Panera has 8 Years Remaining, and Bank of America has Over 14 Years Remaining.
All Lease Include 10% Rental Increases Every 5 Years with at Least
3 x 5-Year Options.
Bread and Bank of America. A Total of 10,817 Sq. Ft. on a 2.4-Acre Lot with Ample
Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Signalized
Intersection, Available Together or Individually.
Traditional Net Leases with Minimal Landlord Responsibility and Warranties, Chipotle has
Over 12 Years Remaining, Panera has 8 Years Remaining, and Bank of America has Over 14 Years Remaining.
All Lease Include 10% Rental Increases Every 5 Years with at Least
3 x 5-Year Options.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $12,596,782 CAD | Number of Properties | 3 |
| Price / SF | $670.68 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.60% | Total Building Size | 18,782 SF |
| Sale Type | Investment NNN | Total Land Area | 4.89 AC |
| Status | Active |
| Price | $12,596,782 CAD |
| Price / SF | $670.68 CAD / SF |
| Cap Rate | 5.60% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 18,782 SF |
| Total Land Area | 4.89 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2137 State St, New Albany, IN 47150 | Retail | 12,497 SF | 2023 | - |
| 2135 State St, New Albany, IN 47150 | Retail | 3,960 SF | - | - |
| 2133 State St, New Albany, IN 47150 | Retail | 2,325 SF | 2022 | - |
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State Street Net Lease Portfolio
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