300 S 1st Ave - Freestanding FOR SALE
La Grange, KY 40031 |
$1,047,273 USD
469-868-4798
300 S 1st Ave
La Grange, KY 40031
HIGHLIGHTS
- Constructed in 2006 as a built-to-suit for Advance Auto Parts.
- Tenant executed an early lease extension through July 2028, with two additional five-year renewal options extending potential occupancy through 2038—r
- The property is positioned in the Louisville MSA and off of I-71, which sees over 50,000 vehicles daily.
- Extremely strong retail synergy with nearby national tenants including Dairy Queen, Walmart, Kroger, Tractor Supply, Taco Bell, and more.
- Surrounding area has an impressive 4% projected population growth rate over the next five years.
- Strong average household income of $132,272 in a 5-mile radius.
FOR SALE DETAILS
PRICE
$1,047,273 USD
PRICE/SF
$150 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
C
APN/PARCEL ID
46-L.4-19-1D,1E,6A&7
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469-868-4798
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469-868-4798
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