4101 Outer Loop
Louisville, KY 40219
CVS - Absolute NNN · Retail Property For Sale
EXECUTIVE SUMMARY
Rare 23 year lease hold opportunity with additional 25 year options and 8-9% rent increases
Absolute NNN with Zero Landlord Responsibilities
Corporate Lease Guaranteed by CVS Health Corporation
CVS pays Ground Rent directly
Perfect for 1031 Buyer
Great property for cost segregation and Bonus Depreciation
Absolute NNN with Zero Landlord Responsibilities
Corporate Lease Guaranteed by CVS Health Corporation
CVS pays Ground Rent directly
Perfect for 1031 Buyer
Great property for cost segregation and Bonus Depreciation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,605 SF
Year Built
2022
Price
$5,913,581
Price Per SF
$557.62
Cap Rate
5.25%
NOI
$310,452
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.24 AC
Parking
41 Spaces (3.87 Spaces per 1,000 SF Leased)
Frontage
151’ on Outer Loop
PROPERTY TAXES
| Parcel Number | 078800580000 | Improvements Assessment | $1,900,000 |
| Land Assessment | $3,400,000 | Total Assessment | $5,300,000 |
