150 Mortown Way
Shelbyville, KY 40065
12+Yr NNN Bojangles, 1.25% Annual Rent Bumps! · Retail Property For Sale
Investment Highlights
- 12+ Years of term remaining on this corporate NNN lease
- Hard corner location off State Hwy 55 (22,000 VPD)
- Shelbyville is within the Louisville MSA
- Rare 1.25% annual rent increases, providing income growth and inflation hedge
- Adjacent to new Tractor Supply
- COVID-19 – subject property has remained open & operating, featuring the drive-thru
Property Facts
About 150 MORTOWN WAY , SHELBYVILLE, KY 40065
Hard Corner Location | Adjacent to Interstate 64 | Recent 2017 Construction | Drive-Thru Equipped • The subject property is located at the hard corner intersection of Old Brunerstown Road and State Highway 55 (20,800 VPD), a primary north/south thoroughfare for the city of Shelbyville • Adjacent to the on/off ramp to Interstate 64 (55,100 VPD) • The building was completed in late 2017, with high quality materials used and state-of-the-art design and construction • Equipped with a drive-thru window, on average, generating higher sales than those without Industrial & Business Presence | Nearby National/Credit Tenants | Increases Consumer Traffic • The property is within walking distance to Martinrea’s heavy stamping facility, employing over 1,100 people, making it the largest industrial employer in Shelby County • Nearby national/credit tenants include a 24-hour Walmart Supercenter, Lowe’s Home Improvement, Planet Fitness, CVS, Tractor Supply Co., Dollar Tree, AutoZone, and more • Increases consumer traffic and promotes crossover shopping Strong Demographics In Affluent 10-mile Trade Area • More than 54,000 residents and 17,000 employees support the area • $98,000+ average household income
Property Taxes
| Parcel Number | 031-00-008K | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,301,710 |
Property Taxes
