Single-Tenant Chase Bank
For Sale
Contact for pricing
2943 Richland Ave, Louisville, KY 40220
Single-tenant, NNN ground-leased Chase Bank property in Louisville with a long-term lease extending through 2034.
Property Size4,789 SF
Price / SF$590.43
Days on Market162
Property Features for 2943 Richland Ave
General Information
Standard status
Active
Size
4,789 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$164,000
Site & Location
Traffic Count
166,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2004
Tenancy
Single
Listing Agency:
The Boulder Group
Listed By:
Randy Blankstein · License #IL 471005983
(847) 562-0003
Source:
Crexi
Added: Mar 27
Changed: Sep 3
Last Checked: Sep 2 at 4:27AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This single-tenant NNN ground-leased Chase Bank property is a 4,789-square-foot branch that has been in continuous operation since 2004. The asset is secured by a long-term 30-year lease term running through 2034, with CPI-based rent escalations every five years throughout the primary term and no cap. The lease also includes two 10-year renewal options.
The site is located just off Taylorsville Boulevard and Breckenridge Lane, with convenient access to Interstate 264 and Interstate 64. The surrounding area is described as a dense retail corridor with nationally recognized tenants, and nearby demand drivers include Norton Children’s Medical Group and Advanced ENT.
Chase Bank is described as investment-grade, rated “AA–” by Standard & Poor’s. Annual deposits at the branch surpassed $119,000,000 in 2025, according to the FDIC.
The site is located just off Taylorsville Boulevard and Breckenridge Lane, with convenient access to Interstate 264 and Interstate 64. The surrounding area is described as a dense retail corridor with nationally recognized tenants, and nearby demand drivers include Norton Children’s Medical Group and Advanced ENT.
Chase Bank is described as investment-grade, rated “AA–” by Standard & Poor’s. Annual deposits at the branch surpassed $119,000,000 in 2025, according to the FDIC.
Key Highlights
- Single‑tenant NNN ground‑leased Chase Bank built in 2004, in continuous operation since 2004
- Long‑term 30‑year lease with term through 2034 plus two 10‑year renewal options
- CPI‑based rent escalations every five years with no cap across the primary lease term
Property Analytics
Current Use
Lease Details
166,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
334k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 36%
Groceries 17%
Apparel 8%
Kroger
Groceries
56,165 visits/mo
0.2 miles
McDonald's
Dining
27,307 visits/mo
0.2 miles
Golden Corral
Dining
27,012 visits/mo
0.1 miles
Speedway
Shops & Services
22,246 visits/mo
0.2 miles
Starbucks
Dining
19,477 visits/mo
0.1 miles
Demographics for 40220, KY
34,315
Population
16,019
Households
2.1
Avg Household Size
39
Median Age
44%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
4,456
Density / Sq Mi
$73,502
Median Household Income
$47,283
Median Earnings
$1,187
Median Rent
$249,700
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Single-tenant, NNN ground-leased Chase Bank property in Louisville with a long-term lease extending through 2034.
Where is this bank located?
The property is located at 2943 Richland Ave Louisville, KY.
What is the asking price?
The asking price for this property is $2,827,586.
What are key features of this property?
This property features: Single‑tenant NNN ground‑leased Chase Bank built in 2004, in continuous operation since 2004; Long‑term 30‑year lease with term through 2034 plus two 10‑year renewal options; CPI‑based rent escalations every five years with no cap across the primary lease term
