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Family Dollar | Louisville, KY 3277 Taylor Blvd

8,025 SF Retail Building Louisville, KY 40215 $1,140,096 ($142/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
$1,140,096
Price Per SF
$142
Cap Rate
7.25%
NOI
$82,658
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
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

Nearby Major Retailers

Truist
PNC Bank
Angilo's Pizza
Starbucks
Fifth Third Bank
MacKenzie River Pizza
Kroger
Planet Fitness
Beef 'O' Brady's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
051C00600000
Land Assessment
$222,110
Improvements Assessment
$891,140
Total Assessment
$1,113,250
  • Listing ID: 31406801

  • Date on Market: 4/3/2024

  • Last Updated:

  • Address: 3277 Taylor Blvd, Louisville, KY 40215

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