For Sale
$3,050,300

3601 Buechel Byp Louisville, KY 40218

High-Traffic Retail Investment, Kentucky

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents two Class A retail properties totaling 5,722 square feet on a 1.256-acre lot in Louisville, KY. The portfolio comprises a Pizza Hut and a Fifth Third Bank, both operating under long-term leases. The Pizza Hut lease expires in 2027, while the Fifth Third Bank lease is a new 20-year agreement with four 12% escalation renewal options. Located at 3601 Buechel Bypass, this prime location boasts exceptional visibility and high traffic counts exceeding 40,000 vehicles daily. The property benefits from its proximity to major retailers such as Kroger, Costco, Lowe's, and Walmart, ensuring consistent customer flow. The combined properties generate a Net Operating Income (NOI) of $156,201, resulting in a 5.12 cap rate. The asking price is $3,050,300, translating to $533.08 per square foot. The property is zoned C-2 and features two units with a current 50% occupancy. This is a rare opportunity to acquire a well-established, high-performing retail portfolio in a thriving Kentucky market. The APN is 061000100000 & 061000700000.

Highlights

  • Two single-tenant, NNN retail properties in one package.
  • Long-term leases with Pizza Hut and Fifth Third Bank.
  • Excellent location across from Kroger, near Costco, Lowe's, and Walmart, with high daily traffic counts (40,000+ vehicles).
  • Strong cash flow with a Net Operating Income (NOI) of $156,201 and a 5.12% cap rate.
  • Conveniently located 0.8 miles south of I-264.

Property Details for 3601 Buechel Byp

Property type
Retail properties, Banks
Square Feet
5,722 SF
Class
A
Lot Size (sq. ft)
54,711 SF
Units
2

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.1995118
Longitude
-85.6613278

FAQs

What type of property is this?
Retail property - High-Traffic Retail Investment, Kentucky
Where is the retail property located?
The property is located at 3601 Buechel Byp Louisville, KY.
What is the asking price?
The asking price for this property is $3,050,300.
What are key features of this property?
This property features: Two single-tenant, NNN retail properties in one package.; Long-term leases with Pizza Hut and Fifth Third Bank.; Excellent location across from Kroger, near Costco, Lowe's, and Walmart, with high daily traffic counts (40,000+ vehicles).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3601 Buechel Byp
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