2943 Richland Ave - Bank FOR SALE


Louisville, KY 40220- Hikes Point
$2,827,586 USD
847-562-0003
2943 Richland Ave, Louisville, KY for Sale
$2,827,586 USD
Bank - FOR SALE
1/2
null | 5.8% Cap Rate

2943 Richland Ave
Louisville, KY 40220
Hikes Point


HIGHLIGHTS

  • $119,000,000+ branch deposits at this location in 2025
  • Investment grade rated tenant (S&P: AA-)
  • Positioned within the Louisville MSA – Ranked #43 in the United States for population size
  • NNN ground lease – no landlord responsibilities
  • CPI-based rental escalations every five years with no cap
  • Two 10-year renewal options

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant NNN ground leased Chase Bank located in Louisville, Kentucky. The property has been in continuous operation since 2004 and is secured by a long-term 30-year lease running through 2034, featuring CPI-based rent escalations every five years (with no cap) throughout the primary term, along with two 10-year renewal options. Annual deposits at this branch surpassed $119,000,000 in 2025, according to the FDIC. Chase Bank is an investment-grade tenant rated “AA–” by Standard & Poor’s. The 4,789-square foot property is situated just off Taylorsville Boulevard (32,000 VPD) and Breckenridge Lane (37,000 VPD) with convenient access to Interstate 264 (166,000 VPD) and Interstate 64 (128,000 VPD) further amplifying the site’s regional accessibility. The surrounding area comprises a dense retail corridor anchored by a strong mix of nationally recognized tenants including Kroger, TJ Maxx, HomeGoods, Starbucks, McDonald’s, Walgreens, CVS, and Goodwill, among many others. Nearby demand drivers such as Norton Children’s Medical Group and Advanced ENT generate consistent daily traffic to the immediate trade area. The property is further supported by a robust consumer base of over 249,000 residents within a five-mile radius, with average household incomes exceeding $106,000. JPMorgan Chase Bank, N.A., is the consumer and commercial banking subsidiary of JPMorgan Chase & Co., one of the world’s largest and oldest financial institutions. Tracing its roots to 1799 with the founding of the Manhattan Company in New York City, the modern entity emerged from the 2000 merger of J.P. Morgan & Co. and Chase Manhattan Corporation, combining centuries of heritage from predecessor firms like Chase National Bank (founded 1877) and others. As of early 2026, JPMorgan Chase & Co. reports $4.8 trillion in assets under management (AUM) across its Asset & Wealth Management division, alongside total firmwide client assets exceeding $7 trillion and balance sheet assets of approximately $4.4 trillion as of late 2025.

FOR SALE DETAILS

PRICE

$2,827,586 USD

PRICE/SF

$590 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

C1-COMMERC

APN/PARCEL ID

089C01940000

ASK ABOUT THIS PROPERTY

Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

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Randy BlanksteinThe Boulder GroupMore Info
847-562-0003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.