161-165 Outer Loop | Louisville, KY 40214
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- LoopNet Team
161-165 Outer Loop
Louisville, KY 40214
Auction | New Cut Market | Walmart Shadow · Retail Property For Sale
Investment Highlights
- STARTING BID $1,250,000 | $477K NOI | AUCTION MAY 2-4, 2022
- ±92.86 Percent Occupied; Complemented by a Diverse Mix of Local and National Tenants Including Dollar Tree, Hibbett Sports, Cato, GameStop and Sallys
- Walmart Shadow Anchored Retail Center Positioned on Expansive ±5.15 Acre Parcel
- ±44,800 Square Foot, Multi-Tenant, Neighborhood Retail Center Located in Louisville, KY
- Strong Cash Flow with Upside Via Vacancy Absorption, Escalations, Staggered Lease Expirations and Options; Below Market Rents with Mark to Market Rate
- Strong Historical Occupancy from Committed Tenant Base; ±42% of GLA has Occupied the Center for ±15 Years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
44,800 SF
Building Class
C
Year Built
2005
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
5.15 AC
Zoning
C2
Parking
250 Spaces (5.58 Spaces per 1,000 SF Leased)
Frontage
123 FT on Outer Loop
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 376800020000 | Improvements Assessment | $3,817,130 |
| Land Assessment | $1,182,870 | Total Assessment | $5,000,000 |
PROPERTY TAXES
Parcel Number
376800020000
Land Assessment
$1,182,870
Improvements Assessment
$3,817,130
Total Assessment
$5,000,000
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