9901,9901,9903 Brownsboro Rd - Retail FOR SALE


Louisville, KY 40241- Outer East End
$12,212,000 USD
502-271-5820
9901,9901,9903 Brownsboro Rd, Louisville, KY for Sale
$12,212,000 USD
Retail - FOR SALE
1/10
null | 5% Cap Rate

9901,9901,9903 Brownsboro Rd
Louisville, KY 40241
Outer East End


HIGHLIGHTS

  • Trophy real estate asset in most sought out area of Louisville
  • Fully-leased with 10-20 year primary terms, option periods, & rental escalations
  • Timeless design and excellent visibility with 500 FT of frontage and over 27,000 VPD on Brownsboro Rd
  • Immediate area is home to the Paddock Shops, Old Brownsboro Crossing, Norton Commons, & brand new grocery stores Kroger & Publix (opening August-2025)
  • Convenient access to I-265 & I-75 interchange
  • Area’s demographics are some of the strongest in Kentucky

OVERVIEW

Qualified investors are extended the opportunity to acquire the new four-tenant retail development, Brownsboro Station, located in the center of one of the most affluent trade areas in Louisville, Kentucky. The center is fully leased by McDonald’s, Sherwin-Williams, Heartland Dental, and Zaxby’s. Louisville, KY based firm, Hogan Real Estate, broke ground on the 2.74-acre development in 2023, with all tenants open by October 2024. The development is located in the affluent Springhurst trade area with over 500 ft of frontage along busy Brownsboro Road (Hwy 22), a major thoroughfare of Northeast Louisville. The immediate area features densely populated residential neighborhoods, including the 600-acre mixed-use lifestyle community, Norton Commons which has driven significant growth in the area for the past two decades. There is an abundance of shopping and entertainment destinations drawing consumers to the area, including The Paddock Shops and Old Brownsboro Crossing (home to Cabela’s, Lowe’s, Costco, and Norton hospitals). Across three buildings, Brownsboro Station’s four tenant leases commenced in 2024 with a minimum of 10-year primary terms. McDonald’s absolute net ground lease has a primary term of 20 years, with 8 additional options and rental escalations in year 10 and each option period. Sherwin Williams commenced in June 2024 and has a primary term of 12 years, two option periods and rental escalations every 6 years. Adjoining Sherwin Williams in the two-tenant building is Heartland Dental, which has a 10-year primary term, August 2024 commencement, and three option periods, with rental escalations every 6 years. The Zaxby’s ground lease features a 15-year primary term, two options periods and rental escalations every 6 years.

FOR SALE DETAILS

PRICE

$12,212,000 USD

PRICE/SF

$825 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier Retail Offering (Louisville, KY)

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,354 SF

ZONING

C1-COMMERC

APN/PARCEL ID

W00600210000

ASK ABOUT THIS PROPERTY

Justin PhelpsHogan Real EstateMore Info
502-271-5820

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

Justin PhelpsHogan Real EstateMore Info
502-271-5820

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