Overview

Description

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Louisville is the largest city in the Commonwealth of Kentucky and the 30th-most populous city in the United States. It is one of two cities in Kentucky designated as first class, with the other being the state’s second-largest city of Lexington. The Louisville-Jefferson County, KY-IN Metropolitan Statistical Area (MSA) includes Louisville-Jefferson County and 12 surrounding counties, seven in Kentucky and five in Southern Indiana. As of 2019, the MSA had a population of 1,265,108, ranking 46th nationally.

Today, the city is known as the home of the Kentucky Derby, Kentucky Fried Chicken, the University of Louisville and its Louisville Cardinals athletic teams, Louisville Slugger baseball bats. Three of Kentucky's six Fortune 500 companies: Humana, Kindred Healthcare, and Yum! Brands are also located in Louisville. Muhammad Ali International Airport, Louisville's main commercial airport, hosts UPS's worldwide hub. Louisville is a significant center of manufacturing, with two major Ford Motor Company plants, and the headquarters and major home appliance factory of GE Appliances. The city is also a major center of the American whiskey industry, with about one-third of all bourbon whiskey coming from Louisville. Brown-Forman, one of the major makers of American whiskey, is headquartered in Louisville and operates a distillery in the Louisville suburb of Shively.

Louisville today is home to dozens of companies and organizations across several industrial classifications. However, the underpinning of the city's economy since its earliest days has been the shipping and cargo industries. Its strategic location at the Falls of the Ohio, as well as its unique position in the central United States (within one day's road travel to 60 percent of the cities in the continental U.S.) make it a practical location for the transfer of cargo along its route to other destinations. Louisville's importance to the shipping industry continues today with the presence of the Worldport global air-freight hub for UPS at Louisville International Airport. Louisville's location at the crossroads of three major interstate highways (I‑64, I‑65, and I‑71) also contributes to its modern-day strategic importance to the shipping and cargo industry.

Louisville is home to many annual cultural events. Perhaps most well-known is the Kentucky Derby, held annually during the first Saturday of May. The Derby is preceded by a two-week-long Kentucky Derby Festival, which starts with the annual Thunder Over Louisville, the largest annual fireworks display in North America. The Kentucky Derby Festival also features notable events such as the Pegasus Parade, The Great Steamboat Race, Great Balloon Race, a combined marathon/mini marathon and about seventy events in total. Esquire magazine has called the Kentucky Derby “the biggest party in the south.”

Highlights

• Long-Term Commitment to the Site with Over 17 Years at This Location
• Lease Supports Four, 5-Year Options
• Strong 10% Rental Escalations in Each Option | Offers a Hedge Against Inflation
• Positioned Within the Hazelwood Shopping Center and Along Taylor Boulevard
• Excellent Visibility with Frontage and Signage Along Taylor Blvd With Traffic Counts Exceeding 23,100 Vehicles Per Day
• Corporate Guarantee | Family Dollar is a Subsidiary of Dollar Tree (NASDAQ: DLTR) | Over 8,200 Locations
• Low Rent to Sales Ratio Near 5% and Sales PSF 22% Above National Unit Average
• Highly Profitable Store With Exceptional Sales Per Square Foot
• Located 2 Miles From Churchill Downs and Less Than 3 Miles From the University of Louisville and the Louisville International Airport

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