Catylist ID:
#30836876
Price Reduced - St. Matthews - 20 Year Net Lease - Big O Tires
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30836876 |
| Property Subtypes: | Vehicle Related |
| Status: | Pending |
| Building Size (RSF): | 5,044 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.48 Acres |
| Sale Price: | $2,750,000 |
| Unit Price: | $545.20 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Sale Terms: | Cash to Seller |
| Last Updated: | 4/29/2024 |
Overview / Comments
|
This single-tenant triple net (NNN) leased property with over 19 years remaining on the initial term is now available for sale. The property is located in the core of the St. Matthews submarket, which has immense barriers to entry for owner-occupants and investors. A Buyer will be able to enjoy a long-term Lease with stable tenancy who has a proven track record at this location. The Lease also has 10% increases scheduled every 5 years. The asset sits at a signalized intersection offering the utmost visibility. PRIMARY PROPERTY HIGHLIGHTS: + SIGNALIZED INTERSECTION + STRONG TENANT PROFILE WITH PROVEN TRACK RECORD + 20 YEAR LEASE COMMENCED JULY 2022 + 10% INCREASES EVERY 5 YEARS OF LEASE + TRUE NNN LEASE STRUCTURE |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 073L00240000 |
| Zoning: | C-2 - Commercial District |
| Property Visibility: | Excellent |
| Property Condition: | Good |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 14,078 | 114,534 | 275,571 |
| Median Age: | 42.38 | 41.01 | 40.03 |
| Households: | 6,628 | 53,687 | 124,298 |
Contact
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