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10405 Southpointe Blvd Louisville, KY 40291

For Sale
$3,795,000

High-yield Panera Bread, Fee Simple

Property size:
4,430 SF

Description

Added:
Dec 11, 2024
Days on Market:
362
This exceptional investment opportunity presents a fee simple ownership (land and building) of a Panera Bread restaurant in Louisville, KY. The 4,430 square foot property, built in 2020, sits on a 1.13-acre lot with 76 parking spaces and boasts a strong 5.13% cap rate. The property benefits from a 15-year Net Net Net (NNN) lease with Panera Bread, LLC, with approximately 11 years remaining and three 5-year renewal options. The lease includes 10% rental increases every five years, providing consistent NOI growth and inflation protection. Located at the highly visible, signalized intersection of Bardstown Rd and Southpointe Blvd (46,700 VPD), this property is an outparcel to a future Hy-Vee anchored center, surrounded by other national retailers including Bank of America, Bubba's 33, Walmart, Kroger, Kohl's, Chick-fil-A, McDonald's, Chipotle, Starbucks, Raising Cane's, Cracker Barrel, and Valvoline. The property's C2 zoning and prime location within a densely populated area (over 144,700 residents within a 5-mile radius, with an average household income of $99,261) ensures strong tenant performance and long-term investment value. The current NOI is $194,544, making this a low-management, high-return investment opportunity. The asking price is $3,795,000. Property APN is 22052601060000.

Property Features for 10405 Southpointe Blvd

General Information

Property type
Restaurants
Square Feet
4,430 SF
Lot Size
49,223 SF

Building Details

Year Built
2020
Buildings
1
Units
1

HighLights

  • Fee simple ownership of a Panera Bread restaurant in Louisville, KY, with approximately 11 years remaining on a 15‑year NNN lease, including three 5‑year renewal options and 10% rental increases every five years.
  • NNN lease with minimal landlord responsibilities.
  • High‑visibility location on Bardstown Rd (46,700 VPD), an outparcel to a future Hy‑Vee anchored center, surrounded by strong national retailers.
  • Strong demographics: over 144,700 residents within a 5‑mile radius with an average household income of $99,261.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Louisville
County
Jefferson
State
Kentucky
Longitude
-85.5806614
Latitude
38.1380374

FAQs

What type of property is this?
Restaurant - High-yield Panera Bread, Fee Simple
Where is this restaurant located?
The property is located at 10405 Southpointe Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: Fee simple ownership of a Panera Bread restaurant in Louisville, KY, with approximately 11 years remaining on a 15-year NNN lease, including three 5-year renewal options and 10% rental increases every five years.; NNN lease with minimal landlord responsibilities.; High-visibility location on Bardstown Rd (46,700 VPD), an outparcel to a future Hy-Vee anchored center, surrounded by strong national retailers.
More about this property
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