Single Tenant Wild Eggs Investment

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30330941
Property Subtypes: Restaurant
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 4,689 SF
Gross Building Area: See Agent
Sale Price: $1,400,000
Property Use Type: Net Leased Investment (NNN)
Building Name: Cobalt Retail - Wild Eggs
Sale Terms: Cash to Seller
Cap Rate: 8.7%
Last Updated: 7/19/2019

Overview / Comments

- Wild Eggs is the premier breakfast, brunch, and lunch destination throughout the Louisville MSA
- 4,689 SF single-tenant investment
- One of Wild Eggs top grossing locations
- Ideal for 1031 Exchange
- Located off the prominent corner of Market & Floyd Streets
- Across the street from the Atria Support Center on the University of Louisville's - J.D. Nichols Campus
- Premier location bordering the CBD and NuLu, Louisville's hot new urban restaurant/retail corridor
- Located within the Louisville Opportunity Zone
- Steps from Waterfront Park, Louisville's urban park development along the Ohio River
- 10-year triple net lease expiring in 2024, with rent escalations beginning in March 2019
- Immediate access to I-65, I-71, I-64 and I-264

Current Tenants

Tenant Business Name Wild Eggs
Industry Type Retail Trade
Is Renting? Yes
SF of Space Occupied 4,689 SF
Current Rent $121,914 PSF (Annual)
Lease Expiration 2/2024
Options (2) 5-year options

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: City of Louisville
Tax ID/APN: 017Z01220000
Is Condo?: Yes
Zoning: C-1 - Commercial District
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1889
Year Renovated: 2014
Construction/Siding: Brick
Sprinklers: Wet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,195 129,425 308,834
Median Age: 34.24 35.71 37.18
Households: 5,729 57,972 133,914

Contact

Photograph of Listing Agent

J. Colin Underhill

Pluris Realty KCREA Member
Photograph of Listing Agent

Austin C Gutgsell

Pluris Realty KCREA Member
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