State Street Net Lease Portfolio Retail FOR SALE


New Albany, IN
$10,527,033 USD
212-430-5291
, New Albany, IN for Sale
$10,527,033 USD
Retail - FOR SALE
1/4
null | 4.9% 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 12 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 13 Years Remaining, Panera has 8.5 Years Remaining, and Bank of America has Over 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.