Offering Memorandum
Property Highlights
- LOW PRICE POINT OPPORTUNITY
- >1 YEAR REMAINING ON ORIGINAL 15 YEAR LEASE
- LOW RENT TO SALE RATIO - 3.1%
- 0.5 MILES FROM CHURCHILL DOWNS (KENTUCKY DERBY)
- 1.5 MILES FROM UNIVERSITY OF LOUISVILLE
- 1.5 MILES FROM CARDINAL STADIUM
- STRATEGIC LOCATION: TALYOR BLVD - 20,000+ VPD
- 250,000+ PEOPLE IN A 5-MILE RADIUS
- INVESTMENT GRADE CORPORATE GUARANTEE (NASDAQ: DLTR)
- LARGEST DOLLAR STORE CHAIN IN THE U.S. WITH 15,237 LOCATIONS
- Price: $517,550
- Lot Size: .75
- Cap Rate: 8.00%
- Lease Type: Double Net (NN)
- Year Built: 1984
- Building SF: 6,750
- Status: Sold
- Guarantor: Corporate