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    3131 Poplar Level Rd Louisville, KY 40217

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    For Sale
    $4,650,000

    NNN ground lease with rental escalations in Louisville, Kentucky.

    Property size:
    4,250 SF
    Lot size:
    1.22 Acres

    Property Features for 3131 Poplar Level Rd

    General Information

    Size
    4,250 SF
    Lot size
    1.22 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Louisville MSA NNN Ground Lease

    Located within the Louisville MSA, this property has a proven operating history since 2006, with a lease extension executed in 2018. It is a ground lease with NNN terms, meaning no landlord responsibilities. The property is located along Poplar Level Road, which sees 30,700 vehicles per day. Regional connectivity is provided via I-264 and I-65, with traffic volumes of 182,000 and 129,000 vehicles per day, respectively. Over 265,000 people live within a five-mile radius. The average household income exceeds $97,000 within one mile. Nearby attractions include Norton Audubon Hospital with 235 beds, Bellarmine University with 2,800 students, Saint Xavier High School with over 1,300 students, and Audubon Country Club. The property is minutes from the Louisville International Airport. Neighboring retailers include CVS, McDonald’s, Chili’s, Taco Bell, Dairy Queen, and Strickland Brothers, among others. The property size is 4,250 square feet. There are 10% rental escalations every five years in options. Panera will be performing a refresh on the building in the coming months.
    Insight Report Location Intelligence

    Current Use by Public Records

    Panera Bread Cafe

    Suggested Use

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

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

    Similar Places Nearby

    WOW Café, Maya Bagel Express, Einstein Bros. Bagels

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.7197699
    Latitude
    38.2118166

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    FAQs

    What type of property is this?
    Coffee shop - NNN ground lease with rental escalations in Louisville, Kentucky.
    Where is this coffee shop located?
    The property is located at 3131 Poplar Level Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $4,650,000.
    What are key features of this property?
    This property features: - High traffic location along Poplar Level Road (30,700 VPD) with regional connectivity via I-264 (182,000 VPD) & I-65 (129,000 VPD); - NNN Ground Lease - No Landlord Responsibilities; - 10% rental escalations every five years in options
    (847) 562-8500
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    3131 Poplar Level Rd Louisville, KY 40217
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    Louisville, KY 40217
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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
    3131 Poplar Level Rd Louisville, KY 40217
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