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    9903 Brownsboro Rd Louisville, KY 40241

    Sponsored
    For Sale
    $2,500,000

    High-yield Zaxby's ground lease, Kentucky.

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    347
    This offering presents a unique opportunity to acquire a fee simple interest in a brand-new, single-tenant Zaxby's restaurant located at 9903 Brownsboro Rd, Louisville, KY 40241. The property is situated on a 0.49-acre lot within the Brownsboro Station project, a thriving retail center also home to McDonald's, Sherwin-Williams, and Heartland Dental. This absolute net ground lease boasts a 15-year primary term commencing October 20, 2024, and expiring October 31, 2039, with four, five-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property benefits from exceptional visibility and access on Brownsboro Road, a high-traffic artery with over 27,000 vehicles per day. The surrounding area is characterized by significant residential and commercial growth, including new Publix and Kroger grocery stores, phase II of the Norton Commons community, and multiple medical office developments. This prime location is within a strong demographic area, boasting an average household income of $146,700 within a five-mile radius and proximity to The Paddock Shops, Old Brownsboro Crossing, and Norton Commons. The property offers a 5.00% cap rate and a net operating income (NOI) of $125,000, making it an attractive investment opportunity with minimal landlord responsibilities. The building was constructed in 2024. This is a completely passive real estate investment.

    Property Features for 9903 Brownsboro Rd

    General Information

    Property type
    Restaurants
    Lot Size
    21,344 SF

    Building Details

    Year Built
    2024

    HighLights

    • $2,500,000 asking price for a Net Lease Zaxby's property.
    • Absolute NNN lease with a franchisee tenant.
    • 14.8 years remaining on a 15‑year lease, expiring October 31, 2039, with four 5‑year renewal options.
    • 5.00% cap rate and $125,000 annual NOI.
    • 0.49‑acre lot in Louisville, KY, built in 2024, with 10% rent bumps every five years.
    • Ground lease with zero landlord responsibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.564802294297
    Latitude
    38.314185708729

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    FAQs

    What type of property is this?
    Restaurant - High-yield Zaxby's ground lease, Kentucky.
    Where is this restaurant located?
    The property is located at 9903 Brownsboro Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a Net Lease Zaxby's property.; Absolute NNN lease with a franchisee tenant.; 14.8 years remaining on a 15-year lease, expiring October 31, 2039, with four 5-year renewal options.
    Request Owner's contact information
    9903 Brownsboro Rd Louisville, KY 40241
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    Louisville, KY 40241
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9903 Brownsboro Rd Louisville, KY 40241
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