2721 W Broadway, Louisville, KY 40211

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Building Details:

2721 W Broadway is located in Louisville, KY.

PRG Investments is serving as the exclusive listing broker for the Lyles Plaza at 2727 West Broadway in Louisville, KY. This 13,308 square foot retail center is extremely well located in the “heart” of the West Broadway retail corridor, which is one of the most vibrant retail sub-markets in Louisville’s inner-city. The property contains three, long term, national credit tenants, including Porter Paints, Rent-A-Center and the area’s main facility of the US Postal Service. The center is located on a signalized corner and contains strong traffic counts of approximately 20,000 cars per day. The property shares access with a Pizza Hut that is owned by the present operator. Upside potential exists with vacant office space in the property. Porter has been a tenant since 1974, the USPS since 1975 and Rent-A-Center since 1991.

Lyles Plaza is located directly across the street from a long standing Kroger grocery store. It is also in close proximity to several other recent retail redevelopment projects. The property enjoys excellent exposure with a pylon sign for tenant’s use. This investment presents an opportunity to achieve long term yield with a long standing retail asset in a stable location. The center and its tenants have long provided valuable goods and services to the captive audience in this surrounding area.

INVESTMENT HIGHLIGHTS

-Contains 3 national credit tenants, including a main branch of the US Postal Service (location since 1975).

-Excellent exposure in heart of the city’s West Broadway retail corridor; Located across the street from a long standing Kroger and near other retail development.

-Rare opportunity to acquire mid-sized center; Located on a signalized corner with pylon signage

-Asking Price: $995,000; $61.00 psf