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Charley's Cheesesteaks 11300 S Preston Hwy 3,603 SF Retail Building Louisville, KY 40229 $1,000,000 ($277.55/SF) 8% Cap Rate
Investment Highlights
- New Construction | 10-Year Lease | Scheduled Rental Increases
- High-Visibility Retail Corridor | Interstate Connectivity
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Surrounded by National Retailers | Strong Commercial Draw
Executive Summary
• Tenant recently signed a brand new 10-year lease with three (3) five-year options to extend, demonstrating commitment to the site
• Lease provides 8% rental increases every five years throughout the base term and option periods
• Charleys Cheesesteaks + Wings operates 850+ locations worldwide and continues rapid U.S. expansion with ~$850K+ average unit volumes
• Lease provides 8% rental increases every five years throughout the base term and option periods
• Charleys Cheesesteaks + Wings operates 850+ locations worldwide and continues rapid U.S. expansion with ~$850K+ average unit volumes
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,603 SF
Building Class
C
Year Built/Renovated
1987/2026
Price
$1,000,000
Price Per SF
$277.55
Cap Rate
8%
NOI
$80,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.59 AC
Zoning
C1 & C2 - Commercial
Parking
72 Spaces (19.98 Spaces per 1,000 SF Leased)
Frontage
242’ on Preston Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 009001460000 | Improvements Assessment | $286,420 |
| Land Assessment | $797,070 | Total Assessment | $1,083,490 |
Property Taxes
Parcel Number
009001460000
Land Assessment
$797,070
Improvements Assessment
$286,420
Total Assessment
$1,083,490
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Charley's Cheesesteaks | 11300 S Preston Hwy
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