Overview

Description

Starbucks has a Brand new 10-year NN* lease to Starbucks Corporation with attractive 10% rental escalations every 5 years! The Tenant, Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide. All nearby fast-food retailers rank in the upper 16th percentile in foot traffic nationally! The Outlet Shoppes of the Bluegrass is the #1 ranked Outlet Mall (by foot traffic & size) and the only Premium Outlet Mall in Kentucky! (According to Placer.ai).

The Asset is an Impressive 3,944 SF building - situated on a large ±1.59-acre lot (11-car drive-thru stack) with excellent access/visibility Simpsonville-Buck Creek Rd/I-64 Interchange with traffic counts of 75,984 CPD! Adjacent to Pilot Travel Center - across highway I-64 from The Outlet Shoppes of the Bluegrass - a contemporary, open-air outlet mall offering popular brand-name & designer shops such as Banana Republic, Boss, Brooks Brothers, Calvin Klein, J. Crew, Polo Ralph Lauren, Lacoste, Kate Spade, Michael Kors, Tommy Hilfiger, Coach, Tory Burch, True Religion, H&M, Gap, Old Navy, Columbia, The North Face, Under Armour, Eddie Bauer, Levi’s, Nike, Adidas, Puma, Kay Jewelers, Vera Bradley, Crocs, Le Creuset, etc; Retailers in nearby Shelbyville include Walmart, Lowe’s, Rural King, Kroger Marketplace, Dollar Tree, Dollar General, Verizon, AutoZone, Advance Auto Parts, and Goodwill. It is 25 miles from the University of Louisville - a public research university offering over 170 bachelor’s, master’s & doctorate degrees with total enrollment of 23,225 students ( Fall 2023); 7 miles from U of L Health Shelbyville – a 70-bed hospital offering cardiac rehab, diagnostic imaging, emergency care, inpatient care, wound care.

Highlights

• Brand New 10-Year Lease with Attractive 10.00% Rental Escalations Every 5 Years!
• Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide
• All nearby fast-food retailers rank in the upper 16th percentile in foot traffic nationally! The Outlet Shoppes of the Bluegrass is the #1 ranked Outlet Mall (by foot traffic & size) and the only Premium Outlet Mall in Kentucky! (According to Placer.ai)
• Impressive 3,944 SF building - situated on a large ±1.59-acre lot (11-car drive-thru stack) with excellent access/visibility Simpsonville-Buck Creek Rd/I-64 Interchange with traffic counts of 75,984 CPD
• 2023 DEMOGRAPHICS: Total Population (5-MI): 13,569 | Average Household Income (1-MI): $149,253

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