Updated over 9 years ago on . Most recent reply
Cape Rate of 6.3%
1700 Berry Blvd, Louisville, KY, 40215
Name of Business: Express Tires
This property has been a tire shop since 2007 and is a currently in a 3 year lease that was signed in May 2016. The first 18 months the lease is $2,500 and the other 18 months are $2,800 a month.
The tenant pays Electric, gas and water. Cleaning the parking lots from snow and landscaping is also covered by tenant.
The building is 2500 Sq ft.
Being lots 17, 18, 19, 20, 21, and 22, Jacobs Addition, play of which is recorded in deed book 403 page 590
All lots are tax appraised at $400,000
Cap rate= .63%
Can provide any documentation that is necessary. Pictures will be coming soon and I can send the to a personal email as well.