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.