Publix Supermarket
60,502 SF | 100% Leased | Retail Building | Louisville, KY 40245 | $21,099,000 ($349/SF) | 5.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $21,099,000
- Property Type
-
Retail
- Square Feet
- 60,502 SF
- Price / Square Foot
- $349
Listing Contacts
Ryan Forsyth
Verified Profile
Vincent Aicale
Verified Profile
Michael Yuras
Verified Profile
Scott Crowle
Verified Profile
- Property Info
Property Overview
The YAFC team is pleased to offer for sale Publix Super Market at Terra Crossing – Kentucky’s first Publix location featuring a 55,702-square-foot store with a drive-thru Publix Pharmacy and an attached 3,200-square-foot Publix Liquors offering beer, wine and spirits.
Terra Crossing is strategically located in the heart of Louisville’s economic and communal hub, surrounded by affluent communities, Fortune 500 companies, major industrial employers, and several institutions of higher learning. The offering includes 60,502 SF of newly constructed retail along Interstate 265.
Publix Super Market at Terra Crossing is strategically located in the heart of Louisville’s economic and communal hub, surrounded by major industrial employers and healthcare facilities such as Ford Motors (13,020 employees), Kroger (5,000 employees), and Baptist Health Eastpoint (7,500 employees)
Terra Crossing features easy access to Louisville International Airport and nearby Downtown Louisville, home to a range of cultural attractions that are sure to please including the Muhammad Ali Center, the Evan Williams Bourbon Experience and the Louisville Slugger Museum & Factory
The site maintains beneficial proximity to Lake Forest, a widely sought after east-end deed restricted community spanning over 2,000 sprawling acres and boasting 1,700+ homes as well as a country club with the only Arnold Palmer-designed course in the state
With its Midwestern sensibilities and southern hospitality, Louisville is the regional economic hub and cultural and artistic heart of 24 surrounding counties in Kentucky and Southern Indiana
Limited housing supply in Louisville is driving a significant push for housing growth near Interstate 265
Within a day’s drive of two-thirds of the U.S. population, Louisville is also a strategic location for thousands of companies, including UPS Worldport, Clariant Corporation, GE Appliances, Yum Brands!, Humana, Brown-Forman, and Texas Roadhouse
Terra Crossing is strategically located in the heart of Louisville’s economic and communal hub, surrounded by affluent communities, Fortune 500 companies, major industrial employers, and several institutions of higher learning. The offering includes 60,502 SF of newly constructed retail along Interstate 265.
Publix Super Market at Terra Crossing is strategically located in the heart of Louisville’s economic and communal hub, surrounded by major industrial employers and healthcare facilities such as Ford Motors (13,020 employees), Kroger (5,000 employees), and Baptist Health Eastpoint (7,500 employees)
Terra Crossing features easy access to Louisville International Airport and nearby Downtown Louisville, home to a range of cultural attractions that are sure to please including the Muhammad Ali Center, the Evan Williams Bourbon Experience and the Louisville Slugger Museum & Factory
The site maintains beneficial proximity to Lake Forest, a widely sought after east-end deed restricted community spanning over 2,000 sprawling acres and boasting 1,700+ homes as well as a country club with the only Arnold Palmer-designed course in the state
With its Midwestern sensibilities and southern hospitality, Louisville is the regional economic hub and cultural and artistic heart of 24 surrounding counties in Kentucky and Southern Indiana
Limited housing supply in Louisville is driving a significant push for housing growth near Interstate 265
Within a day’s drive of two-thirds of the U.S. population, Louisville is also a strategic location for thousands of companies, including UPS Worldport, Clariant Corporation, GE Appliances, Yum Brands!, Humana, Brown-Forman, and Texas Roadhouse
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Storefront Retail/Office, Storefront
- Lot Size (sq. ft)
- 358,063 SF
Highlights
- Exceedingly rare opportunity to acquire a newly constructed grocery-anchored center with limited shop space and multiple outparcels
- This 20-year lease also includes eight (8) option periods of five (5) years each, providing a stable and long-term passive income generator
- One of the fastest growing employee-owned companies in the United States, Publix is wholly owned by present and past employees
- Publix has grown into a Fortune 500 company with a sprawling collection of more than 1,300 supermarkets
- Named No. 1 on Newsweek magazine’s America’s Best Customer Service in Supermarkets list
- Publix’s sales for the fiscal year ended Dec. 30, 2023, a 52-week year, were $57.1 billion, a 4.7% increase from $54.5 billion in 2022, a 53-week year
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