3130 Portland Ave - Drug Store FOR SALE


Louisville, KY 40212
$1,719,791 USD
805-889-7837
3130 Portland Ave, Louisville, KY for Sale
$1,719,791 USD
Drug Store - FOR SALE
1/6
null | 6.85% Cap Rate

3130 Portland Ave
Louisville, KY 40212


HIGHLIGHTS

  • Corporate guaranteed lease - by CVS Health Corporation, which is rated BBB by Standard & Poor’s and Baa2 by Moody’s
  • 5% rental increases at option periods
  • Low income tax state
  • A building that has been operated as a drugstore since 1962
  • Consumers within a 5-Mile radius spend more than $96 million on healthcare annually
  • 15 minutes away from the University of Louisville which has over 22,640 students

OVERVIEW

Helios Investment Services is pleased to present exclusively for sale the 9,258 SF single tenant, free standing building leased to CVS at 3130 Portland Ave in Louisville KY. This deal includes a 10 Year primary term (approximately 4 years remaining) Double Net (NN) lease with minimal landlord responsibilities, a corporate guarantee, and rental increases at the beginning of every option, providing for a secure investment.

FOR SALE DETAILS

PRICE

$1,719,791 USD

PRICE/SF

$186 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

D-2

APN/PARCEL ID

010B00210000

ASK ABOUT THIS PROPERTY

Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

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Kaveh EbrahimiHelios Investment ServicesMore Info
805-889-7837

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