1801 S Brook St - Retail FOR SALE


Louisville, KY 40208- Old Louisville
$2,024,000 USD
502-442-7079
1801 S Brook St, Louisville, KY for Sale
$2,024,000 USD
Retail - FOR SALE
1/8
null | 5.9% Cap Rate

1801 S Brook St
Louisville, KY 40208
Old Louisville


HIGHLIGHTS

  • 12+ Years Remaining | Options To Extend | Strong Franchisee |Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • University of Louisville (22,000+ Students) | Excellent Traffic Drivers
  • Hard Corner Location | Near I-65 (168,700 VPD) | Excellent Frontage Visibility
  • Strong Demographics In Immediate Trade Area

OVERVIEW

• Franchisee guaranteed lease with 12+ years of the primary lease term remaining, ensuring secure long-term cash flow with 10% rental increases every 5 years • The lease provides five renewal options, including one (3-year, 5-month), one (2-year), and three (5-year) extensions,ith 10% rent increases at the start of each 5-year option • The tenant, ABBTB Louisville, LLC is a proven franchisee with a strong operational track record and a portfolio of 44+ units under management

FOR SALE DETAILS

PRICE

$2,024,000 USD

PRICE/SF

$862 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell | 12+yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

EZ-1

APN/PARCEL ID

035C00570000

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.