Big Lots - Investment Sale

Retail-Commercial for Sale
Catylist Listing ID: 30515478
Property Subtypes: Retail-Pad
Building Size (RSF): 46,340 SF
Gross Building Area: See Agent
Sale Price: $4,920,000
Unit Price: $106.17 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/11/2019

Overview / Comments

We are pleased to offer a single tenant 46,340 SF Big Lots positioned on 5.99 acres in Louisville, KY. Big Lots has successfully operated in the Fern Creek trade area since 1986 and has relocated to open a new “Store of the Future”. The 12 year 3 month Lease commences on October 31st, 2019 and expires on January 31st, 2032 with Four – 5 year options to extend the Lease. The property is located on the high-profile intersection of Bardstown Rd. (25,000 k ADT) and Hurstbourne Pkwy. (24,000 ADT) in Eastern Jefferson County (Louisville). The site has excellent visibility and access with 5 different points of ingress/egress. The property has been extensively renovated in 2019 with a new roof, parking lot and HVAC etc. The property has strong demographics with the population of 89,394 and an average household income of $79,369 within a 3-mile radius of the subject site.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 211100930000
Zoning: C-1 - Commercial District
Retail Clientele: General, Family
Property Visibility: Excellent
Largest Nearby Street: Bardstown Rd
Traffic/Vehicle Count: 25,000
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,881 107,554 233,247
Median Age: 36.27 38.6 38.8
Households: 3,636 44,067 96,952

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