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Caliber Collision 2402 Allen Ln 15,000 SF Retail Building La Grange, KY 40031 $3,969,231 ($264.62/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New 15-Year Lease – Minimal landlord responsibilities
- 10% Rent Increases Every 5 Years – Including Renewal Options
- Strategically Located in the Louisville MSA
- Current Landlord Has Invested Over $1 Million Into the Space for Caliber Collision
- High-Traffic Location – 0.5 miles from I-71 (50,600+ AADT)
- Strong Corporate Guaranty (1,800+ Locations)
EXECUTIVE SUMMARY
Brand-New 15-Year Lease Caliber Collision
15,000 SF Building on a 3.087 Acre Parcel
Surrounded by National Retailers – Including Kroger, McDonald’s, Walmart, Tractor Supply Co., Valvoline, AutoZone, Dollar General, Walgreens, KFC, Taco Bell, and more
15,000 SF Building on a 3.087 Acre Parcel
Surrounded by National Retailers – Including Kroger, McDonald’s, Walmart, Tractor Supply Co., Valvoline, AutoZone, Dollar General, Walgreens, KFC, Taco Bell, and more
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
15,000 SF
Building Class
B
Year Built/Renovated
1999/2024
Price
$3,969,231
Price Per SF
$264.62
Cap Rate
6.50%
NOI
$258,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
3.08 AC
Zoning
I-1 - Commercial
Parking
55 Spaces (3.67 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Caliber Collision
- Services
- -
- -
- Double Net
- Aug 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Caliber Collision | Services | - | - | Double Net | Aug 2039 |
TRAFFIC
| COLLECTION STREET | CROSS STREET | TRAFFIC VOLUME | YEAR | Distance |
|---|---|---|---|---|
| Allen Lane | Artisan Pkwy, NW | 1,680 | 2022 | 0.14 mi |
| Allen Ln | Oliver Square Ct, NE | 963 | 2022 | 0.34 mi |
| W Hwy 146 | Button Ln, SW | 7,821 | 2022 | 0.48 mi |
| W Jefferson St | Sunset Ave, W | 7,632 | 2022 | 0.52 mi |
| New Moody Lane | Meadowbrook Dr, S | 2,870 | 2022 | 0.57 mi |
| I- 71 | S Hwy 53, NE | 50,613 | 2022 | 0.63 mi |
| Commerce Pkwy | Parker Dr, NE | 2,983 | 2022 | 0.66 mi |
| Dawkins Rd | Spring Meadow Trailer Park, NW | 1,434 | 2022 | 0.74 mi |
| W Hwy 146 | Kings Ln, SW | 8,096 | 2022 | 0.85 mi |
| W Jefferson St | N 6th Ave, NE | 8,433 | 2022 | 0.87 mi |
PROPERTY TAXES
| Parcel Number | 39-00-00-9S | Improvements Assessment | $625,000 |
| Land Assessment | $175,000 | Total Assessment | $800,000 |
PROPERTY TAXES
Parcel Number
39-00-00-9S
Land Assessment
$175,000
Improvements Assessment
$625,000
Total Assessment
$800,000
MAP
ADDITIONAL PHOTOS
2402-Allen-Ln-La-Grange-KY-16
2402-Allen-Ln-La-Grange-KY-26
2402-Allen-Ln-La-Grange-KY-15
2402-Allen-Ln-La-Grange-KY-11
2402-Allen-Ln-La-Grange-KY-9
2402-Allen-Ln-La-Grange-KY-14
2402-Allen-Ln-La-Grange-KY-1
2402-Allen-Ln-La-Grange-KY-3