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3621 Fern Valley Rd
Louisville, KY 40219 Newburg

$6,449,715 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 8.00 %
  • Tenancy Single
  • Zoning R-4
32 Transit Score
43 Walk Score

Highlights

Mission-critical single-tenant office leased to Chewy, Inc. (NYSE: CHWY) – national script validation, intake, and training hub for pharmacy operation
Corporate-guaranteed lease with ~3.25 years remaining on initial term, two 5-year renewal options, and 2.5% annual rent escalations.
Processes nearly all hard-copy mailed prescriptions – performs clinical outreach and VCPR verification as regulatory gatekeeper for highest-margin
Supports Chewy’s high-margin healthcare segment, key driver of $12.3B FY2025 revenue; Wall Street bullish
Chewy holds expansion rights for an additional 10,000 SF, supporting future growth as the nation’s #1 pet pharmacy.
Strong location near I-65 (200,000 VPD) and signalized intersection (52,000 VPD) in dense trade area with excellent regional access and logistics fund

Property Flyers

Cap Rate: 8.00 %

Major Tenants

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

Amenities

  • Backup Power / Generators

Public Transportation

AirportDriveWalkDistance
Louisville Muhammad Ali International 10 min - 4.5 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