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: |
3/1/2023 |
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.
|
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 |
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 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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