REIT SALE | Former Big Lots | 62K VPD | Louisville, KY

Highlights:

• ±46,090 SF Former Big Lots with Pylon on Expansive 5.15 Acre Parcel
• Located at Signalized Intersection with Combined Traffic Counts of ±62K VPD
• Dense Market with 2024 Population of 200,079 and Average Household Income of $85,034 within 5-Miles
• 2.5 Miles to I-265 (71K VPD) | 15-Min from Louisville Int’l Airport | 20-Min from Downtown
• Zoned C-1, Commercial with a Variety of Uses including Retail, Office, Restaurant, and more

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on marketplace:

https://rimarketplace.com/auction/2399/reit-sale-former-big-lots-62k-vpd-louisville-ky?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2399

Marcus & Millichap and RI Marketplace are pleased to present a vacant, value-add retail opportunity located at 5252 Bardstown Road in Louisville, Kentucky (the “Property”). Formerly occupied by Big Lots, the Property is being offered significantly below replacement cost, providing an exceptional opportunity for investors to acquire a highly visible and strategically positioned asset with substantial value-add potential.

Built in 1989, the Property consists of a one-story, single tenant building containing ±46,090 square feet and is positioned on a ±5.15-acre parcel with 239 surface parking spaces and multiple ingress/egress points. The Property anchors a multi-tenant shopping center with traffic-driving tenants on either side and outparcel tenants including Wendy’s, Goodwill, and Captain D’s Seafood. The auction is for the former Big Lots and does not include the adjacent retailers or outparcel tenants. The site benefits from excellent visibility and accessibility, situated along the high-traffic Bardstown Road, which carries ±39,784 vehicles per day, and at the signalized intersection of S Hurstbourne Pkwy with 22,968 VPD. Zoned Commercial (C-1), the Property provides significant redevelopment potential, allowing investors or owner/users to reposition the asset for a variety of retail, service, or commercial uses. This former Big Lots also offers potential investors the ability to acquire a free-standing retail building with significant value add through long lease up at long term market rates (CoStar estimated retail rents of ±$14.50-16.84/SF NNN).

Louisville, Kentucky, is the state's largest city and a major commercial hub, strategically located along the Ohio River at the crossroads of Interstates 64, 65, and 71. The city is home to UPS Worldport, one of the world’s largest air cargo hubs, making it a global logistics powerhouse. Nearby retailers include Ross, Crunch Fitness, Five Below, McDonald’s, while regional connectivity is enhanced by its proximity to I-265 with traffic counts over 71,000 vehicles per day. The Property is also located ±15-minutes from Louisville International Airport and ±20-minutes from downtown. This former Big Lots is surrounded by strong demand drivers, including major employers and residential developments that contribute to the area’s economic vitality. The Property is supported by a population of 200,079 residents with an average household income of ±$85,034 within a 5-mile area.

Lamar P. Fisher
Fisher Auction Company Inc.
License: 257072

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