Value-Add Shopping Center | Louisville, KY

Hoagland Commercial Realtors is pleased to present the Pleasure Ridge Town Centre ("Property") For Sale in the heart of Louisville, KY. This prime value-add investment opportunity spans over 94,000 SF across 7.96 acres. Anchored by Dollar General (BBB/Baa2), who recently renewed for an additional 10-years, the Property offers a great tenant mix blending investment-grade credit with both local and regional operators. 

Current ownership has maintained the Property incredibly well, allowing new ownership the opportunity to focus on continuing to reach stabilization through lease-up. Additional value-add levers include development of additional pad-sites, market rate renewals and NNN conversions. This Property had a full roof replacement in 1Q'2023 and recently underwent a zoning change to C-2, allowing for a higher variety mix of retail and commercial uses. 

Pleasure Ridge Town Centre presents an appealing investment opportunity for an owner-occupant or
investor, with a large amount of value still available to be added and realized.

Please contact brokers to obtain the full OM and financial package. 

The content and information provided herein has been obtained from various sources considered reliable. Hoagland Commercial Realtors, or its affiliates, make no representations, warranties, or guarantees to the accuracy of the information, assumptions, opinions, or content provided. Any recipients, clients, brokers, vendors, of this information shall perform thorough investigation and diligence of the subject property(s) and information provided to their satisfaction.