4790 Hwy 2565 Louisa, KY 41230-6248

Property Details for 4790 Hwy 2565

Lot size

2.54 lot acres

Property type

Commercial real estate

APN

092-20-00-003.00

APU

92200000300

Description

This exceptional investment opportunity presents a 22,236 square foot, single-story retail property located at 4790 Hwy 2565, Louisa, KY 41230. The property is situated on a 1.59-acre lot and features two national tenants: Save A Lot and Advance Auto Parts, operating under double-net (NN) leases. The property boasts 100% occupancy, with a current NOI of $116,600 and a 9.25% cap rate. The asking price is $1,260,000, translating to $56.66 per square foot. Built in 1998, the property benefits from a prime location within a retail cluster near US Highway 23, offering excellent visibility and accessibility. The leases are long-term, with Save A Lot's lease expiring December 30, 2025, and including two renewal options (one 3-year and one 5-year). Advance Auto Parts' lease also expires December 30, 2025, and includes two 5-year renewal options, with a 10% rent increase in the second option. The property includes 57 parking spaces and is zoned COMMERCIAL. Its strategic location near a major highway, a 90-bed medical center, and other retail establishments ensures consistent traffic and strong tenant performance. This is a rare opportunity to acquire a stable, high-performing retail investment with significant upside potential. The property offers a compelling combination of strong tenants, long-term leases, and a desirable location, making it an ideal addition to any investment portfolio.