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3130 Portland Ave
Louisville, KY 40212

$1,719,791 USD

Drugstore For Sale  •  9,258 SF

Property Details

• Property Type Drugstore
• Total Building Size 9,258 SF
• Lot Size 0.4 AC
• Building Class C
• Year Built 1962
• Cap Rate 6.85 %
• Tenancy Single
• Zoning D-2

30 Transit Score

55 Walk Score

Highlights

Corporate guaranteed lease - by CVS Health Corporation, which is rated BBB by Standard & Poor’s and Baa2 by Moody’s

5% rental increases at option periods

Low income tax state

A building that has been operated as a drugstore since 1962

Consumers within a 5-Mile radius spend more than $96 million on healthcare annually

15 minutes away from the University of Louisville which has over 22,640 students

Property Flyers

OM - CVS - Louisville, KY

Cap Rate:

6.85 %

Major Tenants

Tenant	SF Occupied	Lease End Date
CVS Pharmacy		12/31/2027

Amenities

• Bus Line
• Signage

Public Transportation

Airport	Drive	Walk	Distance
Louisville Muhammad Ali International	21 min	-	10.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	18
Type:	Surface
Included in Rent:	Yes