9903 Brownsboro Rd - Retail FOR SALE


Louisville, KY 40241- Outer East End
$2,500,000 USD
502-271-5820
9903 Brownsboro Rd, Louisville, KY for Sale
$2,500,000 USD
Retail - FOR SALE
1/6
null | 5% Cap Rate

9903 Brownsboro Rd
Louisville, KY 40241
Outer East End


HIGHLIGHTS

  • Unparalleled location in one of the most affluent and rapidly growing suburbs of Louisville, KY.
  • Immediate area include new Publix and Kroger grocery stores, phase II of the Norton Commons lifestyle community, and multiple new medical offices
  • Excellent access and visibility from Brownsboro Road with over 27,000 VPD in front of the site.
  • Trade area is home to The Paddock Shops, Old Brownsboro Crossing, and Norton Commons.
  • The area’s demographics are some of the strongest in Kentucky, with 127 residents within 5 miles of the site and an average HH income of $146,700.
  • Zaxby’s absolute net ground lease has zero landlord responsibility, a 15 year term, 10% rental increases every 5 years, and 4 5-year renewal options.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,250 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute Net Ground Lease Zaxby’s Offering

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,411 SF

ZONING

-

APN/PARCEL ID

W00600210000

ASK ABOUT THIS PROPERTY

Justin PhelpsHogan Real EstateMore Info
502-271-5820

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Justin PhelpsHogan Real EstateMore Info
502-271-5820

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