Value-Add Shopping Center | Louisville, KY
Value-Add Shopping Center | Louisville, KY
Marketing description
Hoagland Commercial Realtors is pleased to present the Pleasure Ridge Town Centre ("Property") For Sale in the heart of Louisville, KY. This prime value-add investment opportunity spans over 94,000 SF across 7.96 acres. Anchored by Dollar General (BBB/Baa2), who recently renewed through 2034, the Property offers a great tenant mix blending investment-grade credit with both local and regional operators.
Current ownership has maintained the Property incredibly well, allowing new ownership the opportunity to focus on continuing to reach stabilization through lease-up. Additional value-add levers include development of additional pad-sites, market rate renewals and NNN conversions. This Property had a full roof replacement in 1Q'2023 and recently underwent a zoning change to C-2, allowing for a higher variety mix of retail and commercial uses.
Pleasure Ridge Town Centre presents an appealing investment opportunity for an owner-occupant or investor, with a large amount of value still available to be added and realized.
Please contact brokers to obtain the full OM and financial package.
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