Starbucks - Louisville/Crestwood, Kentucky

Retail-Commercial for Sale
Catylist Listing ID: 30138382
Property Subtypes: Restaurant
Building Size (RSF): 1,853 SF
Gross Building Area: See Agent
Sale Price: $2,370,340
Unit Price: $1,279 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 5.0%
Last Updated: 8/10/2017

Overview / Comments

Starbucks, is operating a new ten (10) year lease term with four 5 year
extension options with increases at the start of each option period. The
NNN lease features landlord responsibilities limited to roof, structure,
HVAC and parking lot repair.
The Property is ideally situated just off I–71 a major east to west connected
interstate. The Property is also located at the exit (14), the main access
point to Crestwood, Kentucky, a growing Louisville bedroom community.
It is one of the top performing Starbucks locations in the Louisville market

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Oldham
Zoning: C-1 - Commercial District
Property Visibility: Good
Largest Nearby Street: I-71
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2007
Total Parking Spaces: 20

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,520 26,539 71,325
Median Age: 34.14 36.54 38.28
Households: 903 9,794 25,164

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