996 Breckenridge Ln
Louisville, KY 40207
Bed Bath and Beyond: Louisville, KY · Retail Property For Sale

PREMIER RETAIL CONCEPT: Bed Bath & Beyond (NASDAQ: BBBY; S&P: BB+) is an omnichannel retailer, founded in 1971, which sells a wide assortment of domestic merchandise and home furnishings. As of April 30, 2019, the company reported having a total of 1,533 stores across the US, which are predominantly between 18,000 and 50,000 square feet with 90% of the space being dedicated to selling areas. Bed Bath & Beyond reported Revenue of $12.0 billion and a Net Worth exceeding $2.5 billion. ESTABLISHED LOCATION WITH LIMITED LANDLORD RESPONSIBILITIES: Bed Bath & Beyond’s NN lease has ± 5.4 years of term remaining and requires limited landlord responsibilities. The Property has a long–term operating history as Bed Bath & Beyond has been at the site since their lease commenced in 2000. Bed Bath & Beyond recently executed their last 5–year renewal option, which shows their continued commitment to this site. EXCELLENT ACCESS & VISIBILITY: Bed Bath & Beyond is ideally positioned with excellent access and visibility along Dutchman’s Parkway (Traffic Count: 23,400 VPD) just down from its signalized intersection with Breckenridge Road (Traffic Count: 60,200 VPD), which is the main intersection providing access to Interstate 264 (Traffic Count: 162,600 VPD). ACTIVE CORRIDOR: Bed Bath & Beyond is located in the heart of a bustling corridor in Louisville which has a strong mix of uses including 11.1 MSF of retail, 5.8 MSF of office space, and 11,645 multifamily units within a 3–mile radius. The subject is located in the Springs Station shopping center (331,882 GLA), near the I-264 / I-64 interchange, which is a high traffic area that includes two major hospitals, Norton Women’s & Children’s Hospital and Baptist Health Louisville, creating a high daytime population in excess of 21,900 within a one mile radius. Springs Station is anchored by Home Depot and Hobby Lobby, and also includes several quick service and sit down restaurants, making this a popular daytime destination for nearby employees and residents.