Former Rite Aid

Retail-Commercial for Sale
Catylist Listing ID: 30569587
Property Subtypes: Convenience Store, Free-Standing Building
Building Size (RSF): 10,970 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $2,490,000
Unit Price: $226.98 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/1/2024

Overview / Comments

Qualified investors are extended the opportunity to acquire fee simple interest in a
former Rite-Aid (Lease Guaranteed by Walgreens Co.) located in the Hikes Point trade area of Louisville, Kentucky.

Hikes Point is a densely populated neighborhood in East Central Louisville serviced by a dominant retail trade area at the convergence of major thoroughfares Taylorsville Road, Breckenridge Lane, and Hikes Lane where daily traffic counts exceed 30,000 VPD. Strategically positioned along Taylorsville Road at Hikes Lane, this prominent corner landmark site offers high visibility and is easily accessibility along Taylorsville Road and Hikes Lane. Two full interchanges of Interstate 264, the city’s interior beltway, are less than 0.25 of a mile from the trade area.

The Hikes Point trade area services all of the surrounding neighborhoods that include over 100,000 people within a 3-mile radius. Nearby retailers include a mainstay Kroger Marketplace, Starbucks, TJ Maxx, Party City, Dollar Tree, Dollar General, Big Lots, 5/3rd Bank, Republic Bank, BB&T, McDonald’s, and Taco Bell, among others.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 091N00020000
Zoning: C-1 - Commercial District
Property Visibility: Excellent
Largest Nearby Street: Taylorsville Road
Traffic/Vehicle Count: 26,000
Highway Access: .25 miles to Interstate 264
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1999

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,026 117,326 280,390
Median Age: 42.89 39.94 39.54
Households: 8,703 53,006 122,967


Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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