11300 S Preston Hwy - Fast Food FOR SALE


Louisville, KY 40229- South Side
$1,000,000 USD
502-442-7079
11300 S Preston Hwy, Louisville, KY for Sale
$1,000,000 USD
Fast Food - FOR SALE
1/8
null | 8% Cap Rate

11300 S Preston Hwy
Louisville, KY 40229
South Side


HIGHLIGHTS

  • New Construction | 10-Year Lease | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • High-Visibility Retail Corridor | Interstate Connectivity
  • Surrounded by National Retailers | Strong Commercial Draw
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Tenant recently signed a brand new 10-year lease with three (3) five-year options to extend, demonstrating commitment to the site • Lease provides 8% rental increases every five years throughout the base term and option periods • Charleys Cheesesteaks + Wings operates 850+ locations worldwide and continues rapid U.S. expansion with ~$850K+ average unit volumes

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charley's Cheesesteaks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

CROSS STREETS

Mudd Ln

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

C1 & C2

APN/PARCEL ID

23009001450,23009001460

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.