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Family Dollar Louisville

3421 W Broadway, Louisville, KY 40211

Listing Price: $1,000,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
10,560
Lease Type
Double Net
Rent Per Square Feet
$10.93

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Family Dollar (the “Property”) located in the heart of Louisville, Kentucky.

The Property is a former Walgreens which underwent a full renovation and conversion in 2013 to become Family Dollar. Walgreens was extremely successful at this location and moved directly across the street where they built a 40% larger building.

Family Dollar was acquired by Dollar Tree in 2014 and the combined company is a leading discount retailer with more than 16,000 Store Locations. Dollar Tree is a Fortune 500 company with an investment grade credit rating (S&P BBB).

The Property is situated in the heart of Louisville's residential neighborhoods with more than 85,000 residents within a 3-mile radius. Family Dollar signed an initial 10-year lease and executed a 5-year renewal in 2023 showcasing their success at this location.

The Property is offered at a 9.0% cap rate totaling $1,000,000.

Investment Highlights

  • TOP 10% LOCATION WITHIN KENTUCKY PER PLACER AI (#3 LOCATION IN LOUISVILLE MSA)
  • ULTRA DENSE DOWNTOWN LOUISVILLE LOCATION
  • FULL 2013 RENOVATION

Exclusively Listed By

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Discount

Family Dollar Louisville

Listing Price: $1,000,000

Cap Rate
9.00%
Tenant Name
Family Dollar
Years Remaining On Lease
3.6
Guarantor
Corporate Guarantee
Rentable SF
10,560
Lease Type
Double Net
Rent Per Square Feet
$10.93

Investment Highlights

  • TOP 10% LOCATION WITHIN KENTUCKY PER PLACER AI (#3 LOCATION IN LOUISVILLE MSA)
  • ULTRA DENSE DOWNTOWN LOUISVILLE LOCATION
  • FULL 2013 RENOVATION

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a Family Dollar (the “Property”) located in the heart of Louisville, Kentucky. The Property is a former Walgreens which underwent a full renovation and conversion in 2013 to become Family Dollar. Walgreens was extremely successful at this location and moved directly across the street where they built a 40% larger building. Family Dollar was acquired by Dollar Tree in 2014 and the combined company is a leading discount retailer with more than 16,000 Store Locations. Dollar Tree is a Fortune 500 company with an investment grade credit rating (S&P BBB). The Property is situated in the heart of Louisville's residential neighborhoods with more than 85,000 residents within a 3-mile radius. Family Dollar signed an initial 10-year lease and executed a 5-year renewal in 2023 showcasing their success at this location. The Property is offered at a 9.0% cap rate totaling $1,000,000.

Exclusively Listed By

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

  • Chris Garavaglia

    First Vice President Investments

    (314) 889-2552

    Email Chris

    License(s): MO: 2015042068, NE: 20240127

    St. Louis

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

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