Property History
Subjects are Newly Constructed Prime Retail Built-to-Suit for Chipotle, Panera Bread and Bank of America. A Total of 10,817 Sq. Ft. on a 2.4-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Signalized Intersection. Traditional Net Leases with Minimal Landlord Responsibility and Warranties, with Eleven Years WALT Remaining and 10% Rental Increases Every 5 Years.
Traditional Net Leases with Minimal Landlord Responsibility and Warranties, with Eleven Years WALT Remaining and 10% Rental Increases Every 5 Years
Incredible Tenant Mix - Chipotle (NYSE: CMG) Currently Features No Credit Rating as They Famously Have Never Carried Debt, Panera Bread is Owned by JAB Holdings, Who Currently Plans to Take the Company Public Over the Next Year, and Bank of America (NYSE: BAC) Currently Features an Investment Grade Credit Rating of A- from S&P.
Robust Traffic Counts on State Street (30k VPD) and Less than One-Half Mile from US-265 (70k VPD) and One Mile from US-64 (61k VPD) (Source: CoStar, 2022).
Well Established State Street Retail Corridor | Nearby National Retailers Include: Target, Kroger, Home Depot, KFC, Arby’s, Five Guys, Chick-fil-A, Starbucks, Walgreens, CVS, Fairfield Inn, and Others | Subject Shares a Traffic Light with the Entrance to Kroger and Populates the Pad Adjacent to Target.
Thriving Community with an Average Household Income of Over $65K within Five Miles of the Subject Asset, as of 2023.
Parks and Outdoor Recreational Facilities Nearby Include: Churchill Downs, Louisville Zoo, Long Run Park, Valhalla Golf Club, Tom Sawyer State Park, Iceland Sports Complex, and More.
Subject is 6 Miles from Downtown Louisville Kentucky with a Population of 1,365,557.
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
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Map
Comparable Properties
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