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10415 Preston Hwy Louisville, KY 40229

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Newly constructed Chipotle with a 17-year absolute NNN lease.

Property size:
2,325 SF

Property Features for 10415 Preston Hwy

General Information

Size
2,325 SF

Building Details

Year built
2025

Source: Scott De Young Agent Scott De Young

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


Overview

New Chipotle with Drive-Thru

This property features a newly constructed, freestanding Chipotle located at 10415 Preston Highway, Louisville, Kentucky. The property features a brand-new 2025 construction and the latest “Chipotlane” drive-thru prototype. The property comes with a seventeen (17) year absolute NNN lease with 4-5 year options. The lease includes scheduled rental increases throughout the term and option periods. The tenant, Chipotle (NYSE: CMG), is an investment-grade, national credit tenant. Chipotle reported annual revenues exceeding $11.3 billion in 2024 and operates over 3,700 restaurants worldwide. The absolute NNN lease structure means Chipotle is responsible for all building, structure, and roof maintenance, as well as common area expenses like parking lot upkeep, landscaping, and lighting. The tenant handles all property taxes, liability insurance, and recurring operating expenses. The property boasts excellent street visibility, fronting highly traveled Preston Highway, which has over 55,000 vehicles per day. It is also adjacent to Interstate 265 (over 90,000 VPD) and in close proximity to Interstate 65 (135,000 VPD). This new pad building is situated in the heart of a large regional retail trade area, strategically located between a high-volume Chick-fil-A Restaurant and a Menards Home Improvement Superstore. Nearby major retailers include Walmart, Lowe’s Home Improvement, Kroger, Kohl’s, Meijer, Tractor Supply Co., and Cinemark Cinemas. The Louisville/Jefferson County, KY-IN Metro Area had a population of 1.36 million in 2023 and an average household income within one (1) mile of $92,076. The property size is 2,325 square feet. The grand opening is scheduled for September 12, 2025.
Location Intelligence

Current Use by Public Records

Drive through restaurants

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Louisville
County
Jefferson
State
Kentucky
Longitude
-85.671542
Latitude
38.098779

FAQs

What type of property is this?
Drive through restaurant - Newly constructed Chipotle with a 17-year absolute NNN lease.
Where is this drive through restaurant located?
The property is located at 10415 Preston Hwy Louisville, KY.
What are key features of this property?
This property features: - Long-term (17-year) absolute NNN lease with Chipotle, providing stable, passive income.; - Brand new 2025 construction featuring the latest 'Chipotlane' drive-thru prototype with fixed 10% rent increases every 5 years.; - Prime location with excellent street visibility on highly trafficked Preston Highway (55,000+ VPD).
More about this property
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