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Carvana 1510 Lake Shore Ct

5,709 SF Retail Building Jeffersontown, KY 40269 £6,760,446 (£1,184/SF) 6.75% Net Initial Yield

Investment Highlights

  • Long-Term Triple Net (NNN) Lease
  • Attractive Rental Increases
  • Strong Corporate Guarantee

Executive Summary

NNN Pro and Bang Realty are pleased to present the exclusive listing for a Carvana located at 1510 Lake Shore Court, Louisville, KY 40223. The site consists of roughly 5,709 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Carvana is subject to an Absolute Triple Net (NNN) lease, which has over 17.1 years of term remaining. The current annual rent is $583,207 and has scheduled increases of lesser of 7.923377% or 1.25x5 year cpi every 5 years.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,709 SF
Building Class
B
Year Built
2020
Price
£6,760,446
Price Per SF
£1,184
Net Initial Yield
6.75%
NOI
£456,330
Tenancy
Single
Number of Floors
8
Building FAR
0.09
Lot Size
1.50 AC
Zoning
C2
Frontage
129 ft on Lake Shore Court

Nearby Major Retailers

CrossFit
Waffle House
Kroger
Bob Evans Restaurants
Olive Garden Italian Rstrnt
Starbucks
Noodles & Company
PNC Bank
Chase Bank
Patel Brothers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
190700370003
Land Assessment
£1,111,079
Improvements Assessment
£4,331,072
Total Assessment
£5,442,151
  • Listing ID: 34053778

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: 1510 Lake Shore Ct, Jeffersontown, KY 40269

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