10415 Southpointe Blvd, Louisville, KY 40291

The property is an absolute NNN leased Bank of America investment property in Louisville, Kentucky. The tenant, Bank of America, National Association, recently signed a new 15-year lease with four 5-year options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of option periods 1 and 2. Options 3 and 4 are subject to increases at Fair Market Rental. The lease is an absolute NNN with zero landlord responsibilities. The Bank of America is located near the signalized, hard corner intersection of Bardstown Rd and Southpointe Blvd, where Bardstown Rd averages over 46,700 vehicles passing by daily. The Bank of America will be an outparcel to a future Hy-Vee grocery store anchored center that also features national/credit tenants including Panera Bread and Bubba’s 33 pads. The asset is located less than a mile from a Walmart Supercenter and Cedar Springs Shopping Center, a 99,000+ square foot Kroger anchored shopping center. In addition, Bank of America is also located in close proximity to an 87,000+ square foot Kohl’s, with a Chick-fil-A outparcel. The property is in the center of a primary retail corridor with other nearby national/credit tenants including McDonald’s, Chipotle, Starbucks, Raising Cane’s, Cracker Barrel, and Valvoline. The 5-mile trade area is supported by a population of over 144,600 with an average household income of $99,409.