3421 Broadway Louisville, KY 40211

This exceptional investment opportunity presents a 10,560 square foot Family Dollar storefront located at 3421 W Broadway, Louisville, KY 40211. The property, a single-story building, underwent a complete renovation in 2013 and boasts a 100% occupancy rate. The current lease, a modified net lease with rent bumps and options, commenced June 29, 2013, and expires June 28, 2028, leaving approximately 3.6 years remaining. The tenant, Family Dollar, is backed by a corporate guarantee from Dollar Tree, a Fortune 500 company with an investment-grade credit rating. The property generates a strong net operating income (NOI) of $90,293, resulting in an attractive 9.0% cap rate at an asking price of $1,000,000. Situated in a prime location within Louisville's residential neighborhoods, this property benefits from a dense population base exceeding 85,000 residents within a 3-mile radius and over 215,000 within 5 miles. The success of this location is further evidenced by Family Dollar's recent 5-year lease renewal in 2023. This is a rare opportunity to acquire a high-performing, credit-rated net lease property in a densely populated area with significant growth potential. The property's strong performance and favorable lease terms make it an ideal addition to any investment portfolio.