4796 Highway 2565 - Supermarket FOR SALE


Louisa, KY 41230
$1,270,000 USD
312-624-7018
4796 Highway 2565, Louisa, KY for Sale
$1,270,000 USD
Supermarket - FOR SALE
1/1
null | 9.31% Cap Rate

4796 Highway 2565
Louisa, KY 41230


HIGHLIGHTS

  • Largest Save A Lot Operator (Kentucky Based)
  • 25+ Year Operating History
  • Build to Suit in 1998
  • Recently Exercised Fifth Option at Each Location
  • Below Market Rent of ~$4/PSF at Each Store
  • Below Replacement Cost Purchase Price (~$55/PSF)

OVERVIEW

Marcus & Millichap is pleased to offer for sale the fee simple interest in a retail asset in Kentucky in which Save A Lot franchisee Houchens Industries Inc. has double-net leases. Save A Lot has operated at this location since the buildings were constructed in 1998. The property sits on a generous lot (average 1.5 acres) near an interstate or U.S. highway where retailers are clustered. The location is near universities, hospitals and major retailers.

FOR SALE DETAILS

PRICE

$1,270,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

9.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

092-20-00-003.00

APN/PARCEL ID

092-20-00-003.00

ASK ABOUT THIS PROPERTY

Mitch GrantMarcus & MillichapMore Info
312-624-7018

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

Mitch GrantMarcus & MillichapMore Info
312-624-7018

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