Building Details

Tenancy Single

Listing Agency: Compass RE Texas

Listed By: Steve Tiemann · License #697977-SA

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 6:05PM

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Investment Insights

Based on property information with market context.

An operating, corporate-owned Penguin Point Quick Service Restaurant is offered as a Sale Leaseback absolute triple net (NNN) lease investment property, with zero landlord responsibilities. At closing, Penguin Point Restaurant Group LLC will execute a brand new 20-year triple net lease.

The property is located at 7131 Southside Dr, Louisville, KY 40214, and is structured to support ongoing drive-thru operations.

Penguin Point currently operates 19 locations across Indiana, Kentucky, and North Carolina, with 10 new locations planned for 2021. Corporate net sales are reported as on pace to increase by 6.5% from 2019 to 2020, with a 23.3% increase from 2018 to 2019. The company emphasizes drive-thru service and operates its restaurants as a quick service concept.

Key Highlights

• Operating Penguin Point quick‑service restaurant offered as a sale‑leaseback absolute triple net (NNN) lease investment property
• Brand new 20‑year triple net lease at closing with zero landlord responsibilities
• Penguin Point currently operates 19 locations across Indiana, Kentucky, and North Carolina

Property Analytics

Current Use

Breakfast&sushi Restaurant Yummi Yummi sushi ... Restaurant Chilakiles | Same Day ... Florist

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

372

Businesses Nearby

39k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 61% Dining 37% Electronics 2%

Speedway Shops & Services

10,746 visits/mo 0.4 miles

White Castle Dining

9,562 visits/mo 0.1 miles

O'Reilly Auto Parts Shops & Services

4,573 visits/mo 0.1 miles

Truist Shops & Services

3,825 visits/mo 0.0 miles

Papa John's Pizza Dining

3,049 visits/mo 0.4 miles

Demographics for 40214, KY

46,220

Population

20,459

Households

2.3

Avg Household Size

37

Median Age

23%

College-Educated

85%

High-School Grad

15.0 sq mi

ZIP Area

3,081

Density / Sq Mi

$53,563

Median Household Income

$37,121

Median Earnings

$950

Median Rent

$176,700

Median Home Value

Market

Vacancy Rate% for Retail in Louisville, KY

5.4% 2019

5.4% 2020

4.7% 2021

4.8% 2022

5.1% 2023

4.2% 2024

4.8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Drive through restaurant - Operating Penguin Point restaurant with an absolute triple net, zero-landlord-responsibility 20-year sale-leaseback lease.

Where is this drive through restaurant located?

The property is located at 7131 Southside Dr Louisville, KY.

What are key features of this property?

This property features: Operating Penguin Point quick‑service restaurant offered as a sale‑leaseback absolute triple net (NNN) lease investment property; Brand new 20‑year triple net lease at closing with zero landlord responsibilities; Penguin Point currently operates 19 locations across Indiana, Kentucky, and North Carolina