Pizza Hut and Fifth Third Bank Investment Package For Sale

3601 & 3603 Buechel Bypass 40218, KY Louisville

 3601 & 3603  Buechel Bypass, 40218, KY, Louisville
 3601 & 3603  Buechel Bypass, 40218, KY, Louisville  3601 & 3603  Buechel Bypass, 40218, KY, Louisville  3601 & 3603  Buechel Bypass, 40218, KY, Louisville  3601 & 3603  Buechel Bypass, 40218, KY, Louisville  3601 & 3603  Buechel Bypass, 40218, KY, Louisville
FOR SALE
Property Type:
Street Retail
Amount:
$3,050,300
Last Verified:
Jan 24, 2024

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Highlights

  • Two, Single Tennant, NNN Investment Properties in One Package
  • Long-term Leases in Place
  • Great Location
  • Across from Kroger
  • Near Costco, Lowes, Walmart and More
  • 40,000+ Cars Per Day
  • NOI $156,201
  • 5.12 Cap
  • 0.8 Miles South of I-264

Description

Exciting Investment Opportunity in Louisville, Kentucky!

Discover the potential of a dual Single Tenant, NNN investment package in the vibrant city of Louisville. This unique offering includes two long-term tenants, Pizza Hut and Fifth Third Bank, situated in an unparalleled location surrounded by the bustling streets of Bardstown Road, Bardstown Bypass, and Hikes Lane. Talk about visibility... This one has INCREDIBLE visibility!

PROPERTY FEATURES:

Tenant Mix: The property boasts two esteemed tenants, Pizza Hut and Fifth Third Bank, ensuring stability and diversity in your investment portfolio.
Location: Strategically positioned at the intersection of Bardstown Road, Bardstown Bypass, and Hikes Lane, the properties enjoy exposure to a high-traffic area with daily counts exceeding 40,000. This prime location provides unparalleled visibility and accessibility.

FINANCIAL HIGHLIGHTS:

NOI (Net Operating Income): The combined NOI for both properties is an impressive $156,201, reflecting the strong and consistent cash flow generated by these assets.
Cap Rate: With a competitive cap rate of 5.12%, these properties offer an attractive return on investment, aligning with the expectations of savvy investors.

LEASE DETAILS:

Pizza Hut: Currently leased with a lease expiration in 2027, providing a solid income stream until then.
Fifth Third Bank: Secured in a new 20-year lease with four options to renew, each accompanied by 12% escalations. This long-term commitment from a reputable tenant adds a layer of stability to the investment.

ADDITIONAL INFORMATION:
For a more in-depth understanding of the financial performance and potential of these properties, additional financial information is available upon the signing of a Confidentiality Agreement (CA).

Don't miss out on this tremendous investment opportunity that combines strong cash flow, renowned tenants, and a strategic location. Whether you're a seasoned investor or exploring new avenues, this dual-property package in Louisville presents a compelling proposition. Act now to secure your stake in this prime real estate investment!

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Building Size: 5722sq ft
Lot Size: 1.26 acres


Documents

Pizza Hut & Fifth Third OM
Drone Video
Pizza Hut & Fifth Third Brochure

Map of 3601 & 3603 Buechel Bypass, 40218, KY, Louisville

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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