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431 W Oak Street - Winn Dixie Marketplace, Louisville, KY

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431 W Oak Street - Winn Dixie Marketplace

Louisville, KY 40203-3001 - Old Louisville Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:5,771 SF Land Area:.74 AC (32,234 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Ratio of 4.33/1,000 SF
Features:Freeway Visibility, Pylon Sign, Signage

Sale Notes:

Stan Johnson Company is pleased to offer for sale to qualified investors the opportunity to purchase 100% fee simple interest in a Family Dollar property and a Vacant Building located at 431 and 435 W. Oak Street in Louisville, Kentucky.

Building on almost 30 years of successful operating history at this 0.74 acre site, Family Dollar has recently committed to a newly extended ten (10) year term. This lease features 9% bumps in each of the additional four (4), five (5) year option periods. The NN lease structure provides that the Landlord is responsible for the roof, parking and structure, while the Tenant is responsible for interior repairs, utilities and reimbursement for taxes, insurance and CAM expenses.

The Property is located within a 2-mile radius of the University of Louisville (21,400 students), Spalding University (2,300 students) and Downtown Louisville. Additionally, Family Dollar and the Vacant Building are situated to serve the tenant' s targeted demographic, with a population of over 250,000 within a five (5) mile radius.

Stan Johnson Company
Ryan Butler
(918) 494-2690

Brad Moulder
(918) 494-2690

Anne M Perrault
(918) 494-2690

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