7710 Bardstown RdLouisville, KY 40291

For Sale
$31,288,420

17-Tenant Net Lease Retail Portfolio

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity: a premier, 100% occupied, multi-tenant retail center in Louisville, KY. This Class A property boasts 43,368 square feet across six buildings on an 8.86-acre lot, featuring a diverse mix of 17 national tenants including McDonald's, Starbucks, Chipotle, and more. Built in 2023, the center benefits from a strong location in a high-growth area with over 50,000 vehicles passing daily. The property features a weighted average lease term of 10 years with built-in rent escalations, providing a secure and stable income stream. The asking price is $31,288,420, representing a 5.00% cap rate and a NOI of $1,564,421. The property is zoned C-1 and includes four outlots and two multi-tenant retail centers. This is an ideal investment for 1031 exchange or private equity investors seeking a high-quality, net-lease retail portfolio in a thriving market. The property's diverse tenant mix, long-term leases, and prime location make it a compelling investment opportunity with significant upside potential. The strong demographics of the area, with an average household income exceeding $100,000 within a 3-mile radius, further enhance the property's value and long-term prospects. This is a turnkey investment with minimal management requirements, offering a stable and predictable return on investment.

Highlights

  • $31,288,420 asking price for a Class A, multi-tenant retail property.
  • Net lease (NNN) investment with a 5.00% cap rate and $1,564,421 NOI.
  • 17 tenants in a 43,368 square foot space, 100% occupied, with a weighted average lease term of 10 years and rent escalations.
  • Located in Louisville, KY (7710 Bardstown Rd, 40291) on an 8.86-acre lot with C-1 zoning.
  • Six buildings built in 2023, featuring national tenants such as McDonald's, Starbucks, Chipotle, and more.

Property Details for 7710 Bardstown Rd

Property type
Lifestyle centers, Power centers
Square Feet
43,368 SF
Class
A
Year Built
2023
Buildings
6
Lot Size (sq. ft)
385,942 SF

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.13512864
Longitude
-85.57994325
7710 Bardstown Rd, Louisville, Kentucky

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7710 Bardstown Rd
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