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3621 Fern Valley Rd
Louisville, KY 40219 Newburg

$7,582,741 USD

Flex For Sale  •  25,274 SF

Property Details

  • Property Type Flex
  • Total Building Size 25,274 SF
  • Lot Size 4.28 AC
  • Building Class B
  • Year Built 1975
  • Cap Rate 6.80 %
  • Tenancy Single
  • Zoning R-4
32 Transit Score
43 Walk Score

Highlights

Corporate-guaranteed lease to Chewy (NYSE: CHWY) with 3.5 years remaining, 2.5% bump, 2x5 renewal options. | MG Lease w/ 2019 Base Year Expense Stops
Mission-critical facility - Chewy’s exclusive Compounding Pharmacy and call center; supports the company’s highest-margin business segment
Strategically located in KY, with favorable mail-order pharmacy laws enable Chewy to distribute Compounded Veterinary Medications across the USA.
Adjacent to UPS Worldport, processing 400,000+ packages per hour—ideal for time-sensitive pharmaceutical fulfillment.
Chewy holds expansion rights for an additional 10,000 SF, supporting future growth as the nation’s #1 pet pharmacy.
Located near I-65 and a high-traffic intersection (200,000+ VPD) in Louisville—one of the top three U.S. office markets with sub-6.0% vacancy.

Property Flyers

Cap Rate: 6.80 %

Major Tenants

Tenant SF Occupied Lease End Date
Chewy 25,274 SF 4/30/2029

Public Transportation

AirportDriveWalkDistance
Louisville Muhammad Ali International 8 min - 4.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 194
Type: Surface
Included in Rent: Yes
Daniel Greenamyre 913-680-7359 Marcus & Millichap
Daniel Greenamyre 913-680-7359 Marcus & Millichap