Qualified investors are extended the opportunity to acquire 100% fee simple interest in a brand-new single-tenant, absolute net lease Zaxby’s with a 15-year primary lease term and zero landlord responsibilities; the offering is a completely passive real estate investment. The property is a pad site within the recently completed Brownsboro Station project. The project is fully leased by McDonald’s, Sherwin-Williams, Heartland Dental, and Zaxby’s.
Brownsboro Station is located in the heart of the MSA’s growing and affluent northeast suburbs. The immediate area has experienced major residential and commercial growth over the past two decades with the development of Louisville’s only open-air lifestyle center, The Paddock Shops, Old Brownsboro Crossing (Cabela’s, Lowe’s, Costco, Norton Hospital, Norton Children’s Hospital), including the 600-acre mixed-use lifestyle community, Norton Commons, and various other shopping centers, Class A multi-family developments, professional office buildings, and single-family residence neighborhoods. The submarket remains one of the best and most desirable in the market for residential and commercial development due to the access and demographics. It maintains an excellent housing inventory and a healthy retail trade area that provides goods and services to a busy daytime population and nearly 60,000 residents within a 3-mile radius of the site.