7701 Preston Hwy - Restaurant FOR SALE


Louisville, KY 40219- Okolona
$4,646,154 USD
612-413-4200
7701 Preston Hwy, Louisville, KY for Sale
$4,646,154 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

7701 Preston Hwy
Louisville, KY 40219
Okolona


HIGHLIGHTS

  • Absolute NNN Lease
  • Established Tenant
  • Great Retail Location
  • In-Demand Market

OVERVIEW

Absolute NNN Lease - Absolute NNN Master lease with zero landlord responsibilities. Investors will appreciate the rent bumps, over 8 years of term remaining, and corporate guarantee. Established Tenant - Long-term, established tenant with a solid operator. This property has a large guarantor, HOA Holdco, LLC, which has 350+ company-owned and franchised restaurants. This Hooters location ranks well in its brand according to Placer.ai. Great Retail Location - The property is located along Preston Highway where it receives excellent visibility and is easily accessible from multiple points. Located within a dense retail corridor in proximity to several retailers including Walmart Supercenter, Target, Home Depot, the Jefferson Mall, and many others. In-Demand Market - Louisville's growing consumer base and strong local economy have created a tight retail market, with high demand for space and limited new construction driving lease availability to historic lows. Current vacancy rates in the South Central retail submarket are 2.7%, which is 1.6% lower than it was this time last year.

FOR SALE DETAILS

PRICE

$4,646,154 USD

PRICE/SF

$857 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hooters | Louisville, KY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

C2-COMMERC

APN/PARCEL ID

078800020000

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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