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Family Dollar | Louisville, KY 3277 Taylor Blvd

8,025 SF Retail Building Louisville, KY 40215 $1,603,431 CAD ($200 CAD/SF) 7.25% Cap Rate

Investment Highlights

  • LONG-TERM CORPORATELY GUARANTEED LEASE
  • HOME OF THE KENTUCKY DERBY Directly adjacent to the property is Churchill Downs, the world-famous horse racing complex
  • UNIVERSITY OF LOUISVILLE Less than 2 miles away from the property is the University of Louisville
  • MINIMAL LANDLORD RESPONSIBILITIES The subject property operates under a Double Net (NN) lease
  • STRATEGIC LOCATION The subject property benefits from its location with frontage on Taylor Blvd, which has traffic counts exceeding 21,070 VPD

Executive Summary

PRICING - $1,140,096
CAP RATE - 7.25%
NOI - $82,658
LEASE TERM - 7.5+ YEARS
GUARANTEE - CORPORATE

Property Facts

Sale Type
Investment
Sale Conditions
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,025 SF
Building Class
C
Year Built/Renovated
1984/2021
Price
$1,603,431 CAD
Price Per SF
$200 CAD
Cap Rate
7.25%
NOI
$116,250 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Land Acres
0.52 AC
Zoning
Commercial - Commercial
Parking
12 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
103 ft on Taylor Blvd

Amenities

  • Bus Line
  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
051C00600000
Land Assessment
$308,946 CAD
Improvements Assessment
$1,239,540 CAD
Total Assessment
$1,548,486 CAD
  • Listing ID: 31406801

  • Date on Market: 2024-04-03

  • Last Updated:

  • Address: 3277 Taylor Blvd, Louisville, KY 40215

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