Retail Space
3621 Fern Valley Road Louisville, KY 40219
Details & Description
Price: $7,550,000
    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an modified gross, freestanding, Chewy, Inc., office investment property located in Louisville, KY. The tenant, Chewy, Inc., has approximately 9 years remaining in their initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. Chewy, Inc. is an online retailer of pet food and other pet-related products owned by PetSmart, and this location is their first call center with 340 agents to field calls. The tenant was hoping to reach that number by end of 2019 but has already reached that number 10 months in advance, with an option to expand the building an additional 10,000 SF**. The lease features 2.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The tenant reimburses all operating expenses in excess of the recognized 2019 base year expenses (see pages 17 & 18 for more details).
    Listing Agents
    Frank Rogers

    O: 248-688-0631
    M: 810-348-3324
    frank.rogers@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    3621 Fern Valley Road

    Louisville, KY 40219

    Listing ID: 255883
    • 3621 Fern Valley Road Louisville, KY 40219 | for Sale | Photo 1
    • 3621 Fern Valley Road Louisville, KY 40219 | for Sale | Photo 2
    • 3621 Fern Valley Road Louisville, KY 40219 | for Sale | Photo 3
    3621 Fern Valley Road | for Sale | Thumbnail 1
    3621 Fern Valley Road | for Sale | Thumbnail 2
    3621 Fern Valley Road | for Sale | Thumbnail 3
    Building Size: 25,274 SF
    Lot Size: 4.000 AC
    Land Size: 174,240 SF
    Building $/SF: $298.73
    Land $/SF: $43.33
    Price
    $7,550,000
    Description

    SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an modified gross, freestanding, Chewy, Inc., office investment property located in Louisville, KY. The tenant, Chewy, Inc., has approximately 9 years remaining in their initial term with 2 (5-year) options to extend, demonstrating their commitment to the site. Chewy, Inc. is an online retailer of pet food and other pet-related products owned by PetSmart, and this location is their first call center with 340 agents to field calls. The tenant was hoping to reach that number by end of 2019 but has already reached that number 10 months in advance, with an option to expand the building an additional 10,000 SF**. The lease features 2.5% annual rental increases throughout the initial term and option periods, steadily growing NOI and hedging against inflation. The tenant reimburses all operating expenses in excess of the recognized 2019 base year expenses (see pages 17 & 18 for more details).

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Louisville History of Retail Space for Sale

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    Louisville Area Market Trends

    Listing Demographics for 3621 Fern Valley Road Louisville, KY 40219

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population10,35158,951208,868
    Population Median Age373738
    Population by Age0-9 Yrs1403 (13%)7833 (13%)26959 (12%)
    10-19 Yrs1260 (12%)7396 (12%)23945 (11%)
    20-29 Yrs1690 (16%)9121 (15%)30714 (14%)
    30-39 Yrs1250 (12%)8166 (13%)30118 (14%)
    40-49 Yrs1555 (15%)7531 (12%)26221 (12%)
    50-59 Yrs1536 (14%)7536 (12%)27643 (13%)
    60-69 Yrs746 (7%)5683 (9%)23294 (11%)
    70+ Yrs910 (8%)5684 (9%)19976 (9%)
    Median HH Income$40,497$45,625$53,363
    Total Household Income< 24K1375 (32%)5564 (24%)16812 (20%)
    25-49K1311 (30%)7238 (31%)22431 (26%)
    50-74K773 (18%)4749 (20%)16583 (19%)
    75-99K391 (9%)2808 (12%)11622 (13%)
    100-199K352 (8%)2403 (10%)13566 (16%)
    200K+77 (1%)382 (1%)2334 (2%)
    Highest Education LevelNo Diploma1011505115243
    Diploma or GED27381462944460
    Some College1444901933522
    Assoc. Degree717378412608
    Bachelors Degree646457924081
    Higher Degree354225514256
    Total Housing Units4,70125,48091,056
    --Owner-Occupied1,86511,84551,493
    --Renter-Occupied2,41411,29931,855
    Owner-Occupied Values< 100K606393911019
    100-199K1182711628949
    200-299K374697468
    300-399K181782433
    400-499K014649
    500K+22130975
    Total Working Age Population8,15346,356167,427
    In Work Force5,31231,095113,107
    Not In Work Force2,84215,26054,319
    Workforce Employed5,06129,275107,190
    Workforce Unemployed2301,7815,783
    Civlian Workforce5,29131,056112,973
    Military Workforce2039134
    Total Households4,27923,14483,348
    Family Households2,31214,11550,166
    Non-Family Households1,9679,02933,181
    Married Couple1,2998,34933,353
    Other Family1,0135,76616,814
    Married w/Child5193,13612,544
    Single Male w/Child816961,848
    Single Female w/Child4232,2176,110

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Indiana6,080,485+76,483,802+46,738,573+47,014,880
    Floyd County70,823+574,578+678,826+381,345
    Kentucky4,041,769+74,339,367+44,533,464+44,726,382
    Bullitt County61,236+2174,319+1283,186+1091,527
    Jefferson County693,604+7741,096+7790,010+6837,477

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 3621 Fern Valley Road in Louisville?
    The asking price for 3621 Fern Valley Road is $7,550,000
    What is the building size of this Retail property in Louisville, KY?
    The size of the building/unit at 3621 Fern Valley Road in Louisville is 25,274 square feet
    How much land does the Louisville, KY property at 3621 Fern Valley Road include?
    3621 Fern Valley Road in Louisville includes 4.000 acres of land
    What kind of Retail is the propery at 3621 Fern Valley Road?
    The property at 3621 Fern Valley Road Louisville, KY 40219 is listed as a Other Retail Retail property
    What is the population within 1 mile of 3621 Fern Valley Road in Louisville?
    The population within 1 mile of 3621 Fern Valley Road Louisville, KY 40219 is 10,351 people.
    Who do I contact for questions about 3621 Fern Valley Road?
    You should contact the listing agent, Frank Rogers, for any details regarding this commercial listing.

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    8107 Preston Highway, Louisville, KY $499,000 7195 0.73
    4912 Preston Highway, Louisville, KY $249,999 772 0.35
    4908 Preston Highway, 4902-4908, Louisville, KY $499,000 8033 0.45
    4800 Outer Loop, Louisville, KY CALL 4200 1.05
    4642 Jennings Lane, Louisville, KY $1,280,000 7964 1.47
    3819 Bardstown Road, Louisville, KY $1,225,000 30718 1.97

    Closest Commercial Airports

    Airport Distance (mi)
    Louisville Muhammad Ali International Airport (SDF) 3
    Blue Grass Airport (LEX) 60
    Cincinnati Northern Kentucky International Airport (CVG) 83