3010 Preston Hwy - Storefront FOR SALE


Louisville, KY 40217- Bradley
$2,041,582 USD
203-887-8797
3010 Preston Hwy, Louisville, KY for Sale
$2,041,582 USD
Storefront - FOR SALE
1/2
null | 5.64% Cap Rate

3010 Preston Hwy
Louisville, KY 40217
Bradley


HIGHLIGHTS

  • Original 15-Year Lease – Net Lease Structure
  • Excellent Corporate Guaranty
  • Exceptional Assumable Debt

OVERVIEW

NNN Pro and Bang Realty are pleased to present the exclusive listing for an O'Reilly Auto Parts located at 3010 Preston Highway, Louisville, KY 40217. The site consists of roughly 7,125 rentable square feet of building space on an estimated 0.58- acre parcel of land. This O'Reilly Auto Parts is subject to a 15-year Double Net (NN) lease, which commenced 5/1/2020. The current annual rent is $115,202 and has a scheduled rental increase of 6.0% in year 11.

FOR SALE DETAILS

PRICE

$2,041,582 USD

PRICE/SF

$287 USD /SF

CAP RATE

5.64%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

O'Reilly Auto Parts

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

C-1

APN/PARCEL ID

083D00740000

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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Anthony D'AmbrosiaNNN Pro GroupMore Info
203-887-8797

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