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Views: 163 DOM: 123 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 14.6
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...

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Maps

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  • 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,...


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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

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