Family Dollar | Louisville, KY 3277 Taylor Boulevard

Louisville, KY 40215

For Sale

8,025 sqft

Sale Price

$1,102,106
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7.50% CAP RATE | DOUBLE NET (NN) | 8,025 SF
LONG-TERM CORPORATELY GUARANTEED LEASE - There are 7.5+ years remaining on a long-term lease that is corporately guaranteed by Family Dollar Stores, Inc. Family Dollar is a leading discount variety store chain with over 8,200 stores across the country. Family Dollar is a wholly-owned subsidiary of Dollar Tree, Inc., which boasts an investment grade credit rating of “BBB” from S&P. The lease also includes five, five-year options to extend the lease with built-in rental increases occurring at each option period.
HOME OF THE KENTUCKY DERBY - Directly adjacent to the property is Churchill Downs, the world-famous horse racing complex that hosts the Kentucky Derby, which is the first leg of the Triple Crown. In addition to the Kentucky Derby, Churchill Downs regularly hosts racing events throughout the year, which boosts economic activity in this area and brings consumers to the store.
UNIVERSITY OF LOUISVILLE - Less than 2 miles away from the property is the University of Louisville, a public research university founded in 1798 with an enrollment exceeding 23,000 students. Additionally, the school has an academic and administrative staff of over 7,000 people and an annual budget of $1.3 billion. Louisville’s renowned School of Medicine is one of the oldest medical schools in North America, having been established in 1837.
Get in touch
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Robert Schwartz
Robert Schwartz
Scott Budzenski
Lic: 01989360
SB
MINIMAL LANDLORD RESPONSIBILITIES
The subject property operates under a Double Net (NN) lease, resulting in minimal landlord responsibilities. Tenant is responsible for payment of taxes, insurance, utilities, and maintaining the interior portions of the building. Landlord’s management responsibilities are limited to all exterior portions of the property as well as major repairs and replacements to the plumbing, electrical, and HVAC systems.
STRATEGIC LOCATION
The subject property benefits from its location with frontage on Taylor Blvd, which has traffic counts exceeding 21,070 vehicles per day, providing excellent site-level visibility. The property is also nearby Southland Terrace,
a 222,000+ square foot shopping center that features national retailers such as ALDI, Harbor Freight Tools, Rainbow Shops, GameStop, Dollar Tree, Foot Locker, and more.

Total Space Available

8,025 sqft

Sale Price

$1,102,106
Site Plan_Family Dollar - Louisville, KY.JPG
Get in touch
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Robert Schwartz
Robert Schwartz
Scott Budzenski
Lic: 01989360
SB