Pizza Hut & Fifth Third Bank Package Investment Opportunity

3601 & 3603 Buechel Bypass, 40218, KY Louisville
$3,050,300
Sale Price
Lease Rate
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Property Details

Sale Price:

Property Description

Exciting Investment Opportunity in Louisville, Kentucky!

Discover the potential of a dual Single Tenant, NNN investment package in the vibrant city of Louisville. This unique offering includes two long-term tenants, Pizza Hut and Fifth Third Bank, situated in an unparalleled location surrounded by the bustling streets of Bardstown Road, Bardstown Bypass, and Hikes Lane. Talk about visibility... This one has INCREDIBLE visibility!

PROPERTY FEATURES:

Tenant Mix: The property boasts two esteemed tenants, Pizza Hut and Fifth Third Bank, ensuring stability and diversity in your investment portfolio.
Location: Strategically positioned at the intersection of Bardstown Road, Bardstown Bypass, and Hikes Lane, the properties enjoy exposure to a high-traffic area with daily counts exceeding 40,000. This prime location provides unparalleled visibility and accessibility.

FINANCIAL HIGHLIGHTS:

NOI (Net Operating Income): The combined NOI for both properties is an impressive $156,201, reflecting the strong and consistent cash flow generated by these assets.
Cap Rate: With a competitive cap rate of 5.12%, these properties offer an attractive return on investment, aligning with the expectations of savvy investors.

LEASE DETAILS:

Pizza Hut: Currently leased with a lease expiration in 2027, providing a solid income stream until then.
Fifth Third Bank: Secured in a new 20-year lease with four options to renew, each accompanied by 12% escalations. This long-term commitment from a reputable tenant adds a layer of stability to the investment.

ADDITIONAL INFORMATION:
For a more in-depth understanding of the financial performance and potential of these properties, additional financial information is available upon the signing of a Confidentiality Agreement (CA).

Don't miss out on this tremendous investment opportunity that combines strong cash flow, renowned tenants, and a strategic location. Whether you're a seasoned investor or exploring new avenues, this dual-property package in Louisville presents a compelling proposition. Act now to secure your stake in this prime real estate investment!

Highlights

  • Two, Single Tennant, NNN Investment Properties in One Package
  • Long-term Leases in Place
  • Great Location
  • Across from Kroger
  • Near Costco, Lowes, Walmart and More
  • 40,000+ Cars Per Day
  • NOI $156,201
  • 5.12 Cap
  • 0.8 Miles South of I-264

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