Qualified investors are extended the opportunity to acquire a 100.0% fee simple interest in a marquee Walgreens located in the Lyndon trade area of Louisville, Kentucky. In 2019, Walgreens extended their lease with contractual term through October 2031, affirming the tenant’s commitment to this site following the Rite Aid acquisition.
Lyndon is a densely populated neighborhood in East Central Louisville serviced by a dominant retail trade area at the convergence of major thoroughfares New La Grange Road and Lyndon Lane where daily traffic counts exceed 19,000 VPD. Strategically positioned along Lyndon Lane at New La Grange Road, the landmark site offers excellent visibility with maximum accessibility along Lyndon Lane, featuring two separate full ingress/egress points. Two full interchanges of Interstate 264, the city’s interior beltway, are about 1 mile from the trade area.
The Lyndon trade area services all of the surrounding neighborhoods that include over 90,000 people within a 3-mile radius. The site is conveniently located between Oxmoor Mall, (featuring high profile stores such as Macy’s, Dick’s Sporting Goods, Von Maur, the Apple Store, and others) and Westport Village (featuring a large mix of boutique shops and local & national restaurant concepts). Other nearby retail includes Domino’s, Chase Bank, Thornton’s, and others.