Carvana | 1510 Lake Shore Ct
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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
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
PROPERTY TAXES
Parcel Number | 190700370003 | Improvements Assessment | £4,331,072 |
Land Assessment | £1,111,079 | Total Assessment | £5,442,151 |
PROPERTY TAXES
Parcel Number
190700370003
Land Assessment
£1,111,079
Improvements Assessment
£4,331,072
Total Assessment
£5,442,151
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Carvana | 1510 Lake Shore Ct
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