3601 Buechel Byp Louisville, KY 40218-2264

Property Details for 3601 Buechel Byp

Year built

1997

Lot size

0.50 lot acres

Property size

2,110 SF

Zone code

C1-COMMERCIAL

Property type

Turn key restaurants

APN

23061000700000

APU

23061000700000

Description

This exceptional investment opportunity presents two Class A retail properties totaling 5,722 square feet on a 1.256-acre lot in Louisville, KY. The portfolio comprises a Pizza Hut and a Fifth Third Bank, both operating under long-term leases. The Pizza Hut lease expires in 2027, while the Fifth Third Bank lease is a new 20-year agreement with four 12% escalation renewal options. Located at 3601 Buechel Bypass, this prime location boasts exceptional visibility and high traffic counts exceeding 40,000 vehicles daily. The property benefits from its proximity to major retailers such as Kroger, Costco, Lowe's, and Walmart, ensuring consistent customer flow. The combined properties generate a Net Operating Income (NOI) of $156,201, resulting in a 5.12 cap rate. The asking price is $3,050,300, translating to $533.08 per square foot. The property is zoned C-2 and features two units with a current 50% occupancy. This is a rare opportunity to acquire a well-established, high-performing retail portfolio in a thriving Kentucky market. The APN is 061000100000 & 061000700000.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Longitude

-85.6614

Latitude

38.1995

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments