3130 Portland Ave - Drug Store FOR SALE


Louisville, KY 40212- Portland
$995,000 USD
310-867-9311
3130 Portland Ave, Louisville, KY for Sale
$995,000 USD
Drug Store - FOR SALE
1/12
null | 11.84% Cap Rate

3130 Portland Ave
Louisville, KY 40212
Portland


HIGHLIGHTS

  • Corporate-guaranteed lease with ~3 years remaining
  • Passive income with repositioning upside
  • Dense residential trade area: 208,204 people within 5 miles

OVERVIEW

Helios Investment Services proudly presents an exceptional value-add opportunity: a 9,258 SF single-tenant retail asset located at 3130 Portland Ave in the thriving city of Louisville, KY. Formerly occupied by CVS Pharmacy, this free-standing building is backed by a corporate lease guarantee with approximately three years of passive income remaining, making it an ideal acquisition for investors seeking short-term cash flow with long-term repositioning potential. This legacy drugstore location has served the community since 1962, anchoring a vibrant retail corridor with neighboring tenants including Kroger, Family Dollar, Save A Lot, Long John Silver’s, and more. With a 5-mile population exceeding 208,000 residents and annual healthcare spending in the area topping $96 million, the demographic fundamentals are robust and pharmacy demand remains high. Located in the Portland neighborhood, the property offers excellent visibility and access, just minutes from downtown Louisville and the University of Louisville. Positioned near major freeways including I-64 and I-264, the site connects easily to broader regional markets.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

11.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C2

APN/PARCEL ID

010B00210000

ASK ABOUT THIS PROPERTY

Jason GribinAiCRE Parnters, IncMore Info
310-867-9311

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Jason GribinAiCRE Parnters, IncMore Info
310-867-9311

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