Walgreens | Louisville, KY 40258
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Walgreens
Louisville, KY 40258
2 Asset Portfolio- NNN- High Yields · Retail Property For Sale
Investment Highlights
- Two (2) STNL Walgreens (Fee Simple) - Investment Grade Credit Tenant - Rated “BBB-” by S&P’s
- High Yield Passive Income Opportunity - Over 11% Year 1 Cash-on-Cash
- Location #2: 7700 Shepherdsville Road (Dark) - Hard Corner Signalized Intersection - ~24,600 VPD - 11,141 SF Bldg - 1.28-Acre Lot
- Over 6.5 Lease Years Remaining - Absolute NNN Leases - Zero Landlord Responsibilities
- Location #1: 7500 Terry Road - Hard Corner Signalized Intersection - Terry Rd & Greenwood Rd - ~27,000 VPD - 11,203 SF Building - 1.80-Acre Lot
Executive Summary
The SnyderCarlton Team is pleased to offer to qualified investors an opportunity to purchase two (2) single tenant net leased assets (fee simple) that are fully occupied by Walgreens with over 6.5 lease years remaining and eight (8), five (5) year option periods. Both properties will be sold together as a portfolio with the debt to be assumed providing over 11% cash-on-cash.
Located in Louisville, KY, both properties are well positioned on hard corner signalized intersections with multiple points of ingress/ egress and over 25,000 VPD at both intersections. This is an excellent opportunity to acquire high yielding assets, located on the area’s major thoroughfares next to national retailers with superior real estate positioning (hard corner signalized intersections) with zero landlord obligations.
Located in Louisville, KY, both properties are well positioned on hard corner signalized intersections with multiple points of ingress/ egress and over 25,000 VPD at both intersections. This is an excellent opportunity to acquire high yielding assets, located on the area’s major thoroughfares next to national retailers with superior real estate positioning (hard corner signalized intersections) with zero landlord obligations.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
11,215 SF
Building Class
B
Year Built
2006
Price
£6,040,943
Price Per SF
£539
Net Initial Yield
7.72%
NOI
£466,364
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
1.80 AC
Zoning
C-1 - Commercial
Parking
35 Spaces (3.12 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signalised Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 103000650000 | Improvements Assessment | £2,132,685 |
| Land Assessment | £514,122 | Total Assessment | £2,646,808 |
PROPERTY TAXES
Parcel Number
103000650000
Land Assessment
£514,122
Improvements Assessment
£2,132,685
Total Assessment
£2,646,808
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