loader
Join Free
Views: 191 DOM: 154 Updated: 10.15.24 Posted: 07.21.24 Status: Active

Summary

Price $4,933,000
Built/Renov 2014
Tenant Shamrock Foods Company
Cap Rate 6.00%
Lease Type NN+
Guarantor Corporate
Size/SF 28,190
Lease Start 05-20-2024
#Units 13
Price/SF $174.99
Expiration 05-31-2039
Tenant Type Grocery
NOI $295,995
R. Term 14.5
Ownership Fee Simple
Rent/SF $10.50
Increases 2.5%/4/yrs
Pop 5Mi 152,445
Lot/AC 0.98
Options 2/3yrs/7%
AHHI 5Mi $161,420

Lease Highlights

  • Shamrock Foods Company has 14+ years remaining on the current lease term with 2 (3-year) options to extend
  • The lease features fluctuating rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Shamrock Foods Company is strategically located on E South Boulder Road, with access to 13,111 vehicles passing by daily. The property serves as a prominent grocery anchor within the Centre Court mixed-use retail & residential center. It is adjacent to the Louisville Sports Complex and less than one mile from the Northwest Parkway Toll Road and Louisville Town Center. Additionally, the site...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Shamrock Foods Company is a family-owned and operated business specializing in the manufacturing and distribution of quality food and food-related products. The company delivers meat, seafood,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 12,188 57,117 109,258
2024 Total Population : 12,432 56,336 105,018
2024 Employed Civilian Pop : 6,669 32,919 60,870
2024 Total Businesses : 512 2,659 4,506
2024 Average Household Income : $ 185,298 $ 176,114 $ 172,799
2024 Total Consumer Spending : $ 821 M $ 3448 M $ 6321 M
2024 Median Age : 43 41 41
2024 Total Households : 5,234 23,006 42,790
2024 Pop Age 25+: Bachelor's Degree : 3,185 16,177 30,223
2024 Average Home Value : $ 916,803 $ 895,801 $ 899,096
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity