QDOBA Absolute NNN
For Sale
$2,610,000
4921 Outer Loop, Louisville, KY 40219
Fee simple QDOBA lease offers long remaining term and zero landlord responsibilities for a management-free ownership.
Property Size3,000 SF
Days on Market53
Property Features for 4921 Outer Loop
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Zoning
Commercial (C2)
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Building Size
3,000 SF
Year Built
2015
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners New York
(646) 584-3120
Listed By:
Michael Grunberg · License #10401382020
(646) 584-3120
Source:
Srsre
Added: Jul 3
Changed: Aug 24
Last Checked: Aug 24 at 3:07AM
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 SRS Real Estate Partners New York
Investment Insights
Based on property information with market context.
SRS National Net Lease is pleased to offer the fee simple interest (land and building) in an absolute NNN leased QDOBA investment property. The tenant, North Fork Fresh Mex, LLC, recently exercised a renewal option early, reinforcing commitment to the site and leaving more than nine years of remaining lease term. Two additional five-year renewal options are included, and the lease calls for 10% rental increases every five years throughout the remaining term and at the start of each option period. The arrangement is structured as absolute NNN with zero landlord responsibilities.
The property is positioned within a dominant retail corridor in Louisville, Kentucky. It sits in close proximity to Jefferson Mall (3.8 million annual visits), Festival at Jefferson Court (3.1 million annual visits), and Tymberwood Shopping Center (1.2 million annual visits). The asset is also an outparcel to Jefferson Commons, an Academy Sports-anchored shopping center with national retailers including Michaels, ALDI, and Five Below, which attracts approximately 3.2 million annual visits.
For buyers seeking a passive, out-of-state-friendly ownership structure, this offering presents a long-term, single-tenant restaurant lease with absolute NNN responsibility coverage and scheduled rent step-ups. The tenant is North Fork Fresh Mex, LLC, a major QDOBA franchisee operating more than 105 locations nationwide. The surrounding 5-mile trade area is supported by more than 182,900 residents and 86,800 employees, with average household income of $83,617.
The property is positioned within a dominant retail corridor in Louisville, Kentucky. It sits in close proximity to Jefferson Mall (3.8 million annual visits), Festival at Jefferson Court (3.1 million annual visits), and Tymberwood Shopping Center (1.2 million annual visits). The asset is also an outparcel to Jefferson Commons, an Academy Sports-anchored shopping center with national retailers including Michaels, ALDI, and Five Below, which attracts approximately 3.2 million annual visits.
For buyers seeking a passive, out-of-state-friendly ownership structure, this offering presents a long-term, single-tenant restaurant lease with absolute NNN responsibility coverage and scheduled rent step-ups. The tenant is North Fork Fresh Mex, LLC, a major QDOBA franchisee operating more than 105 locations nationwide. The surrounding 5-mile trade area is supported by more than 182,900 residents and 86,800 employees, with average household income of $83,617.
Key Highlights
- Fee simple ownership of an absolute NNN leased QDOBA investment in Louisville, KY
- Tenant North Fork Fresh Mex, LLC renewed early; more than 9 years of remaining lease term plus two 5‑year renewal options
- Absolute NNN lease with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
536k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Apparel 23%
Superstores 19%
Shops & Services 18%
Walmart
Superstores
100,451 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
50,065 visits/mo
0.2 miles
Five Below
Shops & Services
43,306 visits/mo
0.1 miles
JCPenney
Apparel
34,628 visits/mo
0.4 miles
Panera Bread
Dining
27,774 visits/mo
0.1 miles
Demographics for 40219, KY
40,300
Population
16,699
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,705
Density / Sq Mi
$52,271
Median Household Income
$37,108
Median Earnings
$967
Median Rent
$186,000
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?
NNN property - Fee simple QDOBA lease offers long remaining term and zero landlord responsibilities for a management-free ownership.
Where is this nnn property located?
The property is located at 4921 Outer Loop Louisville, KY.
What is the asking price?
The asking price for this property is $2,610,000.
What are key features of this property?
This property features: Fee simple ownership of an absolute NNN leased QDOBA investment in Louisville, KY; Tenant North Fork Fresh Mex, LLC renewed early; more than 9 years of remaining lease term plus two 5‑year renewal options; Absolute NNN lease with zero landlord responsibilities
