161-165 Outer Loop - Retail FOR SALE
Louisville, KY 40214 |
161-165 Outer Loop
Louisville, KY 40214
HIGHLIGHTS
- STARTING BID $1,250,000 | $477K NOI | AUCTION MAY 2-4, 2022
- ±44,800 Square Foot, Multi-Tenant, Neighborhood Retail Center Located in Louisville, KY
- ±92.86 Percent Occupied; Complemented by a Diverse Mix of Local and National Tenants Including Dollar Tree, Hibbett Sports, Cato, GameStop and Sallys
- Strong Cash Flow with Upside Via Vacancy Absorption, Escalations, Staggered Lease Expirations and Options; Below Market Rents with Mark to Market Rate
- Walmart Shadow Anchored Retail Center Positioned on Expansive ±5.15 Acre Parcel
- Strong Historical Occupancy from Committed Tenant Base; ±42% of GLA has Occupied the Center for ±15 Years
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Auction | New Cut Market | Walmart Shadow
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
44800
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
250
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
376800020000
