REIT Sale | Former Dollar General | 2010 Built | 11K VPD | Louisville

Highlights:

• 9,290 SF Freestanding Value-Add Retail (Former Dollar General) Available at Substantial Discount Below Replacement Cost
• Nearby National Retailers: Walmart, Dollar Tree, Wendy’s, Subway, PNC, Taco Bell, and more
• 11,358 VPD Traffic Count Frontage and Visibility on 3rd Street Rd; 2.5 Miles from Gene Snyder Fwy (+52K VPD)
• Dense Demographics with 5-Mile Population of ±130,284 and Annual Household Income of ±$70,123
• Zoned C1, Commercial District with a Variety of Commercial Uses
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2826/reit-sale-former-dollar-general-2010-built-11k-vpd-louisville?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2826

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 8715 3rd Street Road in Louisville, Kentucky 40272 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost, creating a compelling opportunity for owner-users or investors to secure a highly visible retail asset with prime frontage at an attractive basis. FIRST BID MEETS RESERVE!

Built in 2010, the Property consists of a ±9,290-SF single-story building situated on a ±1.0-acre parcel (±43,787 SF) with a concrete surface parking lot providing 24 spaces. Constructed to modern design standards, the building features an open retail floor plan with a flexible footprint adaptable to a wide range of commercial uses. The site benefits from visibility and access on 3rd Street Road which sees approximately ±11,358 vehicles per day (VPD). This positioning ensures strong visibility and accessibility within this dynamic south Louisville submarket. Previously leased to Dollar General on a triple-net (NNN) basis, the Property presents a value-add opportunity through lease-up at long-term market rents, with CoStar estimating retail rental rates in the range of $15–$18/SF NNN. Zoned C1, Commercial District, the Property can accommodate a wide variety of retail, service, and community-oriented uses, further enhancing its flexibility and long-term investment appeal.

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 Walmart, Dollar Tree, Wendy’s, Subway, PNC, Taco Bell, while regional connectivity is enhanced by its proximity to Gene Snyder Fwy with traffic counts over 52,000 vehicles per day. The Property is also located ±15-minutes from Louisville International Airport and ±25-minutes from downtown. This former Dollar General is surrounded by strong demand drivers, including major employers and residential developments that contribute to the area’s economic vitality. Newberry Parc, a 132-unit apartment & townhome community is located directly adjacent to the asset. The Property is supported by a population of 130,284 residents with an average household income of ±$70,123 within a 5-mile area.


The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: