October 16, 2024 – Kyle Danielson, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Chase Bank in Louisville, Kentucky. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,900,000.
Chase Bank is located at 2410 Terra Crossing Boulevard in Louisville, Kentucky. The new construction Chase Bank branch consists of a 3,333 square foot building with a dedicated drive through lane walk up ATM on a 1.055-acre parcel. Chase Bank has a 19+ years remaining on their Absolute NNN Ground Lease with three (3), five-year renewal options. The Lease calls for attractive rent increases of 10% every five years throughout the primary term and option periods. The property is a part of Terra Crossing a new Publix anchored development and is located adjacent to the signalized intersection of Terra Crossing Boulevard and Old Henry Road. The Property is seconds from Interstate 265 and is convenient to Interstates 64 and 71. The Property is close to several large industrial parks that line Interstate 265, and is close to residential neighborhoods and new construction residential communities providing a captive customer base. The Property is located 15-miles east of Downtown Louisville.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.