Investment Property for Sale

Shopping Center for Sale
Catylist Listing ID: 30152895
Property Subtypes: Neighborhood Center
Building Size (RSF): 29,339 SF
Gross Building Area: See Agent
Sale Price: $5,500,000
Unit Price: $187.46 PSF
Property Use Type: Investment
Building Name: The Shops at Bashford
Sale Terms: Cash to Seller
Cap Rate: 8.22%
Average Occupancy Rate: 90
Last Updated: 2/15/2018

Overview / Comments

Target, Walmart shadow anchored neighborhood shopping center.
95% leased, stable tenant mix, triple net leases.
Popular shopping area between Bardstown Road and Newburg Road.
Offering memorandum available with a signed confidentiality agreement.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 216100040000
Zoning: C-2 - Commercial District
Retail Clientele: General, Family, Business
Property Located Between: Bashford Manor Lane and Champions Trace Lane; Bardstown Road and Newburg Road
Property Visibility: Excellent
Largest Nearby Street: Bardstown Road
Highway Access: Close to Watterson Expressway
Site Description: This is a shadow retail site with a Target on site and Lowe's and Walmart off Bashford Manor Lane and Bardstown Road
Area Description: Strong retail area with a new Costco and Chick-Fil-A in addition to Target, Lowe's and Walmart
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2005
Roof Type: Flat
Construction/Siding: Brick, Stucco
Exterior Description: Stucco with Brick accents
Parking Type: Surface
Parking Description: Convenient parking close to the door.
Total Parking Spaces: 224
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, T1/T3
Zoning Description: C-2 Commercial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Ruby-05-BSHFRDINLINE, LLC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,755 111,137 309,316
Median Age: 37.45 38.16 38.27
Households: 6,363 48,879 137,815
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