3145 S 3rd St - Freestanding FOR SALE


Louisville, KY 40214- Wilder Park
$2,837,000 USD
818-632-0233
3145 S 3rd St, Louisville, KY for Sale
$2,837,000 USD
Freestanding - FOR SALE
1/11
null | 5.25% Cap Rate

3145 S 3rd St
Louisville, KY 40214
Wilder Park


HIGHLIGHTS

  • New Construction | 15-Year Lease | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Generational Real Estate | Directly Across from Churchill Downs/Kentucky Derby & University of Louisville Sports Stadiums
  • Direct Access to I-264 (175,100 VPD) | Infill Urban Corridor
  • Adjacent to University of Louisville | Major Expansion & Renovations in Progress
  • Close to Downtown Louisville & Louisville International Airport

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Louisville, Kentucky (Churchill Downs). The tenant, Dutch Bros, recently signed a brand new 15 year lease. The lease features 10% rental increases every 5 years throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$2,837,000 USD

PRICE/SF

$2,952 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy Dutch Bros | Next to Kentucky Derby

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

C-1

APN/PARCEL ID

055C00200000

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

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