Arby's Absolute NNN
11488 Preston Highway, Louisville, KY 40229
For Sale
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A drive-through restaurant is leased to an Arby's Restaurant Group entity under absolute NNN terms.
Property Size3,000 SF
Lot Size1.20 Acres
Price / SF$666.67
Days on Market20
Property Features for 11488 Preston Highway
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Drive-Thru
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Listing Agency:
Northmarq - LA
Listed By:
Simon Lewis · License KY #02078068
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 5:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq - LA
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Investment Insights
Based on property information with market context.
The 3,000 SF drive-through restaurant occupies a 1.20-acre site in southern Jefferson County. The fee simple offering is leased to RTM Operating Company LLC, an Arby's Restaurant Group entity, under an absolute NNN lease. About 7.5 years remain in the primary term, with rent increases and renewal options also part of the lease structure.
The property fronts Preston Highway (KY-61), between Louisville and Hillview near the Jefferson-Bullitt county line. The site is a short drive from I-265 and I-65. Nearby commercial and residential activity includes Commerce Crossings, with more than 6,000 employees, and the 700-unit 5604 Apartments. New investment and residential development are also noted in the surrounding area.
The property fronts Preston Highway (KY-61), between Louisville and Hillview near the Jefferson-Bullitt county line. The site is a short drive from I-265 and I-65. Nearby commercial and residential activity includes Commerce Crossings, with more than 6,000 employees, and the 700-unit 5604 Apartments. New investment and residential development are also noted in the surrounding area.
Key Highlights
- 3,000 SF drive‑through restaurant on 1.20 acres
- Absolute NNN lease with about 7.5 years remaining in the primary term
- Tenant is RTM Operating Company LLC, an Arby's Restaurant Group entity
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
353k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Superstores 26%
Shops & Services 18%
Groceries 17%
Walmart
Superstores
92,491 visits/mo
0.4 miles
Kroger
Groceries
46,993 visits/mo
0.5 miles
McDonald's
Dining
30,775 visits/mo
0.1 miles
Taco Bell
Dining
15,936 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
13,668 visits/mo
0.3 miles
Demographics for 40229, KY
39,380
Population
15,772
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
2,250
Density / Sq Mi
$78,877
Median Household Income
$42,782
Median Earnings
$1,294
Median Rent
$197,300
Median Home Value
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Market
Properties on Market for NNN properties in Louisville
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
NNN property - A drive-through restaurant is leased to an Arby's Restaurant Group entity under absolute NNN terms.
Where is this nnn property located?
The property is located at 11488 Preston Highway Louisville, KY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 3,000 SF drive‑through restaurant on 1.20 acres; Absolute NNN lease with about 7.5 years remaining in the primary term; Tenant is RTM Operating Company LLC, an Arby's Restaurant Group entity
