State Street Net Lease Portfolio Retail FOR SALE


New Albany, IN
$9,561,577 USD
212-430-5291
, New Albany, IN for Sale
$9,561,577 USD
Retail - FOR SALE
1/4
null | 5.29% Cap Rate

State Street Net Lease Portfolio
New Albany, IN


HIGHLIGHTS

  • Incredible Tenant Mix - Chipotle (NYSE: CMG), Panera Bread, and BofA (NYSE: BAC) with Over 11 WALT Years Remaining.
  • Robust Traffic Counts on State Street (30k VPD) and Less than One-Half Mile from US-265 (70k VPD) and One Mile from US-64 (61k VPD).
  • Thriving Community with an Average Household Income of Over $65K within Five Miles of the Subject Asset, as of 2023.
  • Subject is 6 Miles from Downtown Louisville Kentucky with a Population of 1,365,557.
  • Well Established State Street Retail Corridor | Nearby National Retailers Include: Target, Kroger, Home Depot, KFC, Arby’s, Chick-fil-A, and Others.
  • Subject Shares a Traffic Light with the Entrance to Kroger and Populates the Pad Adjacent to Target.

OVERVIEW

Subjects are Newly Constructed Prime Retail Buildings Build-to-Suit for Chipotle, Panera Bread and Bank of America. A Total of 10,817 Sq. Ft. on a 2.4-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located at a Signalized Intersection, Available Together or Individually. Traditional Net Leases with Minimal Landlord Responsibility and Warranties, Chipotle has Over 12 Years Remaining, Panera has 8 Years Remaining, and Bank of America has Just Under 14 Years Remaining. All Lease Include 10% Rental Increases Every 5 Years with at Least 3 x 5-Year Options.

ASK ABOUT THIS PROPERTY

Jesse LimonMarcus & Millichap | Limon Net Lease GroupMore Info
212-430-5291

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Jesse LimonMarcus & Millichap | Limon Net Lease GroupMore Info
212-430-5291

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