4921 Outer Loop, Louisville, KY 40219

The property is a freestanding Qdoba restaurant located on Outer Loop, less than 17 miles from downtown. Situated as an outparcel to Jefferson Commons, it benefits from the presence of anchor tenants such as Academy Sports, ALDI, Michaels, and Five Below. Adjacent to Jefferson Mall, a 950,000 square foot mall anchored by BJ’s, Dillard’s, Titled 10, JCPenney, and Ross, with over 73 retail tenants, the location is surrounded by major retailers including Jefferson Court (anchored by Kroger, T.J.Maxx, and Boot Barn), Home Depot, Hobby Lobby, Sam’s Club, Ashley Furniture, and Walmart Supercenter. Less than 2 miles from Interstate 65, which sees an average daily traffic count of over 142,000 cars, the property is in a densely populated area of Louisville, with nearly 180,000 residents within a 5-mile radius and an average household income over $81,000. The Louisville MSA has over 1.3 million residents with an expected growth rate of 1.3% over the next 5 years. The state-of-the-art construction, built in 2015, includes an outdoor patio area. The tenant, North Fork Fresh Mex, LLC, established in 2016, is the largest franchisee in the system with over 105 locations in 8 states. In 2023, North Fork announced their commitment to developing over 70 new Qdoba restaurants over the next seven years. The tenant recently exercised an option early and extended the lease through August 31, 2035. The lease includes 10% increases every 5 years (next increase in 2030), including the two (2), five (5) year option periods.