All Forum Posts by: Shamere Grant

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= 6.2%

Can provide any documentation that is necessary. Pictures will be coming soon and I can send the to a personal email as well.

ASKING PRICE: $250,000

Property will be sold for $280,000

Michael, 

Thanks the cap rate should be 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. 

This store is perfect for a operator who is looking for a highly profitable business. It could be even more profitable if the entire store is run by a motivated person. Well established business in a residential and commercial district. Built in 2012 during the time the area became a wet county.Nearby a busy Dixie highway connecting two cities; close to an army base(Fort Knox). This business also sells lottery and tobacco products. Enough space to expand current business or to add more business options.

This store is fully furnished with walking cooler(reach in), beer cave, good looking service sales counter, store room, office room, employee room, restroom, back door, fully covered security system, property fully secured with fences all around, huge LED sign in front of the building, LED poll sign, drive thru facility.

*TURN-KEY BUSINESS*
The property is sold as is!!!!

The SUPERCENTER comes with...

Detailed Information

Facilities: This store is fully furnished with walking cooler(reach in), beer cave, good looking service sales counter, store room, office room, employee room, restroom, back door, fully covered security system, property fully secured with fences all around, huge LED sign in front of the building, LED poll sign, drive thru facility. Competition: Competition is normal as any other area. Growth & Expansion: Enough space to expand or add more business options Support & Training: Seller will train for 1 week. Reason for Selling: The store is too far for the owner to manage. Franchise: -This business is an established franchise -The store is being sold as is with all $200K worth of inventory with it. -The store is worth without inventory being included $1,200,000.00 -The store is generating about a half a million dollars a year. Proof of revenue will be provided to       serious inquiries. - ***Asking Price: $890K

Location: 5535 Ridgecrest Rd, Louisville, KY, 40218

Details: Brick ranch, 4th bedroom probably needs demo'd, needs roof, drywall repair, cosmetics& gutters

Comps: 76k-88k

Repair Estimate: 16k

Asking Price: 38k

ROI: 22k

Location: 1565 Bardstown Rd, Louisville, KY,

Single two story building on a corner lot with basement.

Lot Size: 2,161 sq. ft.

2, 000 sq. ft. not counting basement

Unit 1 - The Planet Bar & Bistro- $3,500. 1 year left on lease. (Triple net lease)

Unit 2- Paying $800 (area norm is about $1,200 for rent for a 3 bedroom, 2 bathroom). 1 year left on lease

Asking: 530k

Estimated Value: 600k plus

No repairs needed 

*4-bedrooms, 3-bath (3 stories)

Michael please see below: 

Barber Shop: Unit #1 = signed 1 year lease 3months ago been in building 2 1/2 years

Candle Shop: Unit #2= signed 1 year lease 4months ago been in the building 2 years

GE Club: Unit #3= Signed 2 years lease 6 months ago been in the building 5 years

Club Krush: Unit #4 Has not signed lease yet but will in July to renew been in the building 1 years

Clothing Store: Unit #5 Signed a 5 year lease 2 years ago been in the building for 8 years

Studio: Unit #6 Signed 1 year lease this month (June) been in the building for 3 years

I could be missing this, but where is this meeting located?