100% LEASED Retail Investment Opportunity | FOR SALE

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30666806
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Status: Pending
Building Size (RSF): 25,564 SF
Gross Building Area: See Agent
Gross Land Area: 3.07 Acres
Sale Price: $1,799,950
Unit Price: $70.41 PSF
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Glengarry Shopping Center
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Average Occupancy Rate: 100
Last Updated: 4/16/2021

Overview / Comments

Now offering the 100% LEASED Glengarry Shopping Center FOR SALE. This three building, two tenant investment opportunity contains approximately 25,564 square feet of building improvements on a total of approximately 3 acres of land at the corner of Glengarry Drive & National Turnpike. This site is located within 1/5 of a mile from I-265 (the Gene Snyder Freeway), this location is at a traffic light intersection with very nice traffic counts. Located within 3.5 miles from UPS Worldport.

<> Building 1) 15,760 square feet- Winner Furniture
<> Building 2) 7,800 square feet- Winner Furniture
>< Winner Combined Space = 23,560 square feet

<> Building 3) 2,004 square feet- Moby Dick (land lease w/ percentage rent)

Total Income = $207,713 / Yr
Total Expense = $22,899 / Yr
NOI = $184,814 / Yr

Financials

Finance Data Year 2020
Net Operating Income $180,513 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 105102160000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: I-265 Gene Snyder Freeway
Feet of Frontage: 285
Traffic/Vehicle Count: 28,000
Airports: SDF
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Excellent
Year Renovated: 2018
Zoning Description: C-1
Lot Frontage: 285
Lot Depth: 475

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,917 45,807 169,787
Median Age: 31.49 36.13 36.57
Households: 2,656 18,206 68,023

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