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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
Retail
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

PROPERTY TAXES

Parcel Number
050-00-00-021.02
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,587,500
  • Listing ID: 22039732

  • Date on Market: 1/22/2021

  • Last Updated:

  • Address: 320 Leonardwood Rd, Frankfort, KY 40601

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