Discount
Family Dollar Louisville
3421 W Broadway, Louisville, KY 40211
Listing Price: $1,000,000
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
Listing Price: $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
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.