Investment Property for Sale

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30152895
Property Subtypes: Neighborhood Center
Status: Pending/Contingent
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: 1/7/2019

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

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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
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.