Family Dollar | Louisville, KY | 3277 Taylor Blvd
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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
CAP RATE - 7.25%
NOI - $82,658
LEASE TERM - 7.5+ YEARS
GUARANTEE - CORPORATE
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
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
Parcel Number | 051C00600000 | Improvements Assessment | $1,239,540 CAD |
Land Assessment | $308,946 CAD | Total Assessment | $1,548,486 CAD |
PROPERTY TAXES
Parcel Number
051C00600000
Land Assessment
$308,946 CAD
Improvements Assessment
$1,239,540 CAD
Total Assessment
$1,548,486 CAD
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Family Dollar | Louisville, KY | 3277 Taylor Blvd
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