320 Leonardwood Rd | Frankfort, KY 40601
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320 Leonardwood Rd
Frankfort, KY 40601
Walmart/Lowe’s Shadowed: Poplar Creek Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 94% Occupied, 33,554 SF Walmart & Lowe’s-Shadowed 3-Tenant Retail Strip
- Directly Off I-64 Exit Ramps (51,318 VPD), Located On Route 127 (32,912 VPD)
- Projected 13.3% Cash/Cash Return, 19.1% Total Return with New Bank Financing (4% IR, 70% LTV, 10/25)
- Sandwiched Between 202K SF Walmart Supercenter & 115K SF Lowe’s; Walmart & Lowe’s See a Combined 2.8 Mill Annual Customer Visits (Source: Placer.AI)
- Reasonable/Replaceable Rent Rates: Average = $11.60/SF NNN
- Ease of Management – Only 3 Tenants, All NNN Leases (87% Recapture of RET/INS/CAM)
PROPERTY FACTS
Property Type
Building Size
31,800 SF
Building Class
C
Year Built
1998
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
5.42 AC
Zoning
C-1
Parking
201 Spaces (6.32 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 050-00-00-021.02 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,587,500 |
PROPERTY TAXES
Parcel Number
050-00-00-021.02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,587,500
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