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4126 Taylor Blvd
Louisville, KY 40215
Retail Property For Sale


Investment Highlights
- Recently Exercised First Renewal Option | Demonstrating Long-Term Site Commitment
- Frontage Along Taylor Boulevard | Major North-South Thoroughfare with 24,000 VPD
- Located within Save A Lot-Anchored Shopping Center | Complementary Mix of Service-Oriented Retailers Driving Daily Traffic
- Strong Performing Location | Rare Reported Sales
- Strong Demographics | 225,353 Trade Area Population Supporting Daily-Needs Retail
- Just 6 Miles from Downtown Louisville
Executive Summary
Marcus & Millichap is pleased to present for sale this net-leased Family Dollar located at 4126 Taylor Boulevard in Louisville, Kentucky, positioned within the busy South Louisville trade area of Jefferson County. The property consists of a 7,920-square-foot inline space within a larger, Save A Lot-anchored shopping center, situated on its own separately parceled 0.43-acre site with dedicated parking and convenient ingress and egress along Taylor Boulevard.
The asset benefits from strategic frontage along Taylor Boulevard, a long-established commercial arterial carrying more than 24,000 vehicles per day and serving the densely populated, rooftop-heavy residential neighborhoods of south-central Louisville. The corridor offers strong visibility, established traffic patterns, and direct connectivity to the Henry Watterson Expressway (I-264) and the downtown Louisville CBD to the north. Strategically positioned within a Save A Lot-anchored shopping center, the property also benefits from a strong complementary tenant mix, with service-oriented tenants such as Cricket Wireless, restaurants, a childcare and learning center, a barber shop, a health clinic, and other retailers that help drive traffic to the location.
Family Dollar has operated at this location since 2005 and recently exercised its first renewal option, a strong demonstration of the tenant’s long-term commitment to the site. The current term runs from July 1, 2026, through June 30, 2031, and includes three (3) additional five-year renewal options thereafter. The lease features 10% rental escalations at each renewal, providing built-in NOI growth and a natural hedge against inflation throughout the remaining lease term and option periods.
Founded in 1959, Family Dollar is one of the nation’s largest small-box discount retailers, operating more than 8,000 neighborhood stores across 48 states. The company serves millions of customers each week by offering a broad assortment of everyday essentials, including food, household goods, health and beauty products, apparel, and seasonal merchandise, at compelling value-oriented price points. As an internet-resistant and recession-resilient retailer, Family Dollar has established itself as a critical shopping destination for communities across the country. In July 2025, Family Dollar was acquired from Dollar Tree, Inc. by affiliates of Brigade Capital Management and Macellum Capital Management, reestablishing the brand as an independent, privately held company headquartered in Chesapeake, Virginia.
Louisville is the largest city in Kentucky and anchors the Louisville/Jefferson County metropolitan area—the 43rd-largest MSA in the United States—with a population of approximately 1.4 million and a metro GDP of nearly $91 billion. The five-mile trade area supports an estimated population of 225,353 and a daytime population of 289,599, providing a deep, durable everyday-needs consumer base for this necessity-based retail asset.
The asset benefits from strategic frontage along Taylor Boulevard, a long-established commercial arterial carrying more than 24,000 vehicles per day and serving the densely populated, rooftop-heavy residential neighborhoods of south-central Louisville. The corridor offers strong visibility, established traffic patterns, and direct connectivity to the Henry Watterson Expressway (I-264) and the downtown Louisville CBD to the north. Strategically positioned within a Save A Lot-anchored shopping center, the property also benefits from a strong complementary tenant mix, with service-oriented tenants such as Cricket Wireless, restaurants, a childcare and learning center, a barber shop, a health clinic, and other retailers that help drive traffic to the location.
Family Dollar has operated at this location since 2005 and recently exercised its first renewal option, a strong demonstration of the tenant’s long-term commitment to the site. The current term runs from July 1, 2026, through June 30, 2031, and includes three (3) additional five-year renewal options thereafter. The lease features 10% rental escalations at each renewal, providing built-in NOI growth and a natural hedge against inflation throughout the remaining lease term and option periods.
Founded in 1959, Family Dollar is one of the nation’s largest small-box discount retailers, operating more than 8,000 neighborhood stores across 48 states. The company serves millions of customers each week by offering a broad assortment of everyday essentials, including food, household goods, health and beauty products, apparel, and seasonal merchandise, at compelling value-oriented price points. As an internet-resistant and recession-resilient retailer, Family Dollar has established itself as a critical shopping destination for communities across the country. In July 2025, Family Dollar was acquired from Dollar Tree, Inc. by affiliates of Brigade Capital Management and Macellum Capital Management, reestablishing the brand as an independent, privately held company headquartered in Chesapeake, Virginia.
Louisville is the largest city in Kentucky and anchors the Louisville/Jefferson County metropolitan area—the 43rd-largest MSA in the United States—with a population of approximately 1.4 million and a metro GDP of nearly $91 billion. The five-mile trade area supports an estimated population of 225,353 and a daytime population of 289,599, providing a deep, durable everyday-needs consumer base for this necessity-based retail asset.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,920 SF
Building Class
C
Year Built
2005
Price
$1,055,061
Price Per SF
$133.21
Cap Rate
8.20%
NOI
$86,515
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.44 AC
Zoning
C-2 - Commercial
Parking
13 Spaces (1.64 Spaces per 1,000 SF Leased)
Frontage
84’ on Taylor Blvd
Amenities
- Commuter Rail
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 066C00210000 | Improvements Assessment | $669,640 |
| Land Assessment | $227,560 | Total Assessment | $897,200 |
Property Taxes
Parcel Number
066C00210000
Land Assessment
$227,560
Improvements Assessment
$669,640
Total Assessment
$897,200
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