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Department Store

Family Dollar @ Churchill Downs

3227 Taylor Blvd, Louisville, KY 40215

Listing Price: $1,503,000

Cap Rate
5.50%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
1.0
Guarantor
Corporate Guarantee
Rentable SF
8,025
Lease Type
Double Net
Rent Per Square Feet
$10.30

Investment Overview

Investment Grade Tenant with a brand new 10-year lease containing $0.50/SF increases every 5 years after the base term. The property was completely renovated in 2021 after 37 years in this location. Family Dollar paid for a complete interior remodel at an estimated cost exceeding $350,000. The subject is located in a very dense market on Taylor Boulevard in Louisville, Kentucky, directly across from Churchill Downs, home of the Kentucky Derby. National retailers in the area include McDonalds, KFC, BB&T, Speedway, Ace Hardware and Wendy’s.

Investment Highlights

  • Brand New 10 Year NN Lease
  • Corporate Guarantee
  • Highly Dense Market
  • Across from Iconic Churchill Downs ; Home of the Kentucky Derby

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s) KY: 242197

    Kentucky

Department Store

Family Dollar @ Churchill Downs

Listing Price: $1,503,000

Cap Rate
5.50%
Tenant Name
Family Dollar Tree
Years Remaining On Lease
1.0
Guarantor
Corporate Guarantee
Rentable SF
8,025
Lease Type
Double Net
Rent Per Square Feet
$10.30

Investment Highlights

  • Brand New 10 Year NN Lease
  • Corporate Guarantee
  • Highly Dense Market
  • Across from Iconic Churchill Downs ; Home of the Kentucky Derby

Investment Overview

Investment Grade Tenant with a brand new 10-year lease containing $0.50/SF increases every 5 years after the base term. The property was completely renovated in 2021 after 37 years in this location. Family Dollar paid for a complete interior remodel at an estimated cost exceeding $350,000. The subject is located in a very dense market on Taylor Boulevard in Louisville, Kentucky, directly across from Churchill Downs, home of the Kentucky Derby. National retailers in the area include McDonalds, KFC, BB&T, Speedway, Ace Hardware and Wendy’s.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (513) 878-7733

    License(s): KY: 242197

    Kentucky

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