10415 Southpointe Blvd - Bank FOR SALE


Louisville, KY 40291
$3,474,000 USD
480-221-4221
10415 Southpointe Blvd, Louisville, KY for Sale
$3,474,000 USD
Bank - FOR SALE
1/8
null | 4.75% Cap Rate

10415 Southpointe Blvd
Louisville, KY 40291


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | New Construction | Drive-Thru Equipped
  • NNN Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
  • Bardstown Rd (46,700 VPD) | Excellent Visibility | Outparcel to Hy-Vee | Strong National/Credit Tenant Presence
  • Direct, Affluent Consumer Base | Strong Demographics

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an NNN leased, Bank of America investment property located in Louisville, Kentucky. The tenant, Bank of America, National Association, recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of option periods 1 and 2, steadily growing NOI and hedging against inflation. Options 3 and 4 are subject to increases at Fair Market Rental. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,474,000 USD

PRICE/SF

$869 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C2

APN/PARCEL ID

052601070000,22052601100000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.