4025 Taylorsville Rd
Louisville, KY 40220
Walgreens - Investment Opportunity · Retail Property For Sale

Qualified investors are extended the opportunity to acquire a 100.0% fee simple interest in a marquee Walgreens located in the integral Hikes Point trade area of Louisville, Kentucky. In 2018 Walgreens extended its lease with a contractual term through January 2030, affirming the tenant’s commitment to this site following the Rite Aid acquisition. The neighboring Rite Aid location in this trade area will not renew, leaving this to be the area’s only standalone pharmaceutical store. Hikes Point is a densely populated neighborhood in East Central Louisville serviced by a dominant retail trade area at the convergence of major thoroughfares Taylorsville Road, Breckenridge Lane, and Hikes Lane where daily traffic counts exceed 30,000 VPD. Strategically positioned along Taylorsville Road at Browns Lane (Hikes Lane becomes Browns Lane at the site), the landmark site offers nearly 360-degree visibility with maximum accessibility along Taylorsville Road and Browns Lane. Two full interchanges of Interstate 264, the city’s interior beltway, are less than 0.25 of a mile from the trade area. The Hikes Point trade area services all of the surrounding neighborhoods that include over 100,000 people within a 3-mile radius. Nearby retailers include a mainstay Kroger Marketplace, Starbucks, TJ Maxx, Party City, Dollar Tree, Dollar General, Big Lots, Fifth Third Bank, Republic Bank, BB&T, McDonald’s, and Taco Bell, among others.