New Cap Rates On 2 NNN Sale-Leaseback Opportunities

Retail-Commercial for Sale
Catylist Listing ID: 30287593
Property Subtypes: Free-Standing Building
Building Size (RSF): 8,758 SF
Gross Building Area: See Agent
Sale Price: $716,000 - 4,941,600
Unit Price: $81.75 - 564.24 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2018

Overview / Comments

Two sale-leaseback, Pizza Hut opportunities located in high quality locations in and near Louisville.
The properties could be purchased together or separate. The subject properties are strong performers that have operated as Pizza Huts for decades, and the stores have undergone various recent renovations. All three locations are very well-located on lighted corners in high demand areas, closely surrounded by other strong retailers.

A purchaser will enjoy a 15 year, absolute NNN lease with a leading franchisee
in the market, as well as increases throughout the base and option terms. This
presents an excellent opportunity for a 1031 exchange, as well as for an investor
seeking solid, long-term yield with excellent underlying real estate.

-15 year, absolute NNN sale-leasebacks
-Experienced, long-term franchisee
-Strong performing stores in superb retail locations

Locations- purchase together or separate
»» 5368 Dixie Highway, Louisville
»» 525 South Lake Road S., Scottsburg, IN

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 102604360000
Zoning: C-2 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,706 93,745 195,635
Median Age: 39.19 38.18 36.78
Households: 4,096 37,817 78,417
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.