THE OPPORTUNITY

• ​87% of the GLA is made up of National Tenants
• ​Freys Hill is one of the only centers in the Springhurst trade area with Westport Rd. street visibility.
• ​PetSmart at Freys Hill is the only national pet supply store within 10 miles
• ​The asset is currently subdivided into three separate parcels allowing for future sale of individual assets including the PetSmart and Starbucks by future owners
• ​The anchor tenant PetSmart has been in the center since it was built in 2003
• ​Strong traffic counts with 35,572 VPD
• ​E-Commerce resistant tenant mix with 70% of GLA made up of non-soft goods retail
• ​Located at the High-profile intersection of Westport Rd. and Freys Hill Rd
• ​One of PetSmart’s few locations where a Pet Hotel is operated on site

THE DEAL POINTS

• Square Feet: 58,726 SF
• Asking Price: $13,530,000
• NOI: $1,082,326
• Asking Cap Rate: 8.00%
• Remaining Term: 10 years

THE HIGHLIGHTS

• ​Springhurst in the leading regional retail trade areas in the Louisville market
• ​Recent PetSmart and Party City ten-year renewals
• ​Unrivaled location with Westport Rd frontage in the Springhurst trade area.​
• ​Strong PetSmart sales over $8,200,000 ($278 psf) putting the store at a health ratio of 7.19%
• ​Strong traffic counts with 35,572 VPD on Westport Rd.​
• ​Anchor tenants have been in the center since it was constructed
• ​Great synergy within the market with the Target, Walmart, Meijer, Kohls, Hobby Lobby,
• ​Home Depot, Dicks, Cinemark, TJ Maxx and HomeGoods all in the immediate trade area