Premier Location — Costco outparcel seeing over 50,000 VPD in the largest city in Kentucky, home to over 2.14M Americans. This property is also situated close to Louisville International Airport.
Absolute Net (Abs.NNN) Ground Lease — Zero landlord responsibilities, making this a truly passive investment.
Long Term Lease — Over 12 years remaining in the initial term of the lease, with +45 years of options.
Corporate Guarantee from Premier Retailer — The lease is backed by Chick-Fil-A, with an Average Unit Volume (AUV) over $9.3M.
Newest Chick-Fil-A Model — Upgraded with double drive thru to accommodate the industry leading AUV.
Large Building & Parcel Size — 4,561 sf situated over 1.00 acre, offering future owners unlimited potential for redevelopment or repurposing.
Tourist Destination — Home to the annual Kentucky Derby, Louisville Slugger Museum & Factory, as well as the University of Louisville, with a student population over 23,000.
Below Market Rent — The tenant is currently paying a favorable rate of $30/sf, well below market value.