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.