7500 Terry Rd Louisville, KY 40258-2642
Property Lookup
Property profile & analytics
7500 Terry Rd Louisville, KY 40258-2642
- Retail space
- 11,215 SF
- 1.79 lot acres
Property ID
US34-0019616
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
- Patrick Sumner, RPH / Pharmacy
- LibertyX Bitcoin ATM / Atm
- Coinhub Bitcoin ATM Teller / Atm
Property Details for 7500 Terry Rd
- Year built
- 2006
- Lot size
- 1.79 lot acres
- Property size
- 11,215 SF
- Zone code
- C1-COMMERCIAL
- Property type
- Retail space
- APN
- 25103000650000
- APU
- 25103000650000
Description
This exceptional investment opportunity presents two single-tenant, net-leased Walgreens properties in Louisville, Kentucky. Both are fee-simple assets, fully occupied by Walgreens, a credit tenant rated "BBB-" by S&P. The portfolio boasts a combined 11,100-13,000 square feet across two buildings situated on approximately 1.2 to 1.9 acres of land. The properties benefit from high-traffic locations at hard-corner, signalized intersections, with over 24,600 to 27,000 vehicles per day. The current lease, an absolute NNN lease with zero landlord responsibilities, has over 6.5 years remaining and includes eight five-year option periods. The lease commenced December 6, 2006, and expires January 31, 2029, with option periods extending to 2064. Option exercise prices are specified, with future options based on fair market value. The properties offer a compelling 7.72% cap rate and a substantial NOI of $576,602. Strong demographics support the investment, with significant populations and high average household incomes within a five-mile radius of each location. Nearby national retailers further enhance the properties' value and visibility. This portfolio provides a high-yield passive income opportunity with significant potential for long-term growth.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,410,000
- AI Estimate
- $1,204,000
Market price range: $713k - $2.41MMarket price range: $344k - $1.20M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,425,000 Current use
- RESTAURANT
- $2,470,000 Change: +73% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,150,000 Change: +51% Conversion: Difficult
- OFFICE BUILDING
- $1,305,000 Change: -8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.8725
- Latitude
- 38.1441
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,775
$644,910
$2,675,220
$3,320,130
-
$644,910
$2,675,220
$3,320,130
