4921 Outer Loop, Louisville, KY 40219

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.