10405 Southpointe Blvd, Louisville, KY 40291

This commercial real estate opportunity features a Panera Bread investment property in Louisville, Kentucky. The property is subject to a net lease with approximately 11 years remaining on the initial 15-year term. The lease includes three 5-year options to extend, reflecting the tenant's commitment to the location. Rental increases of 10% occur every 5 years throughout the initial term and at the beginning of each option period. The lease structure is net, assigning minimal responsibilities to the landlord. The Panera Bread is positioned at the signalized corner of Bardstown Road and Southpointe Boulevard, benefiting from high traffic volume. Bardstown Road experiences an average daily traffic count of over 46,700 vehicles. The property will be an outparcel to a future Hy-Vee grocery store anchored center that also features Bank of America and Bubba’s 33 pads. The location is less than a mile from a Walmart Supercenter and Cedar Springs Shopping Center, which is anchored by Kroger. Additionally, the property is near a Kohl’s, with a Chick-fil-A outparcel. The surrounding area includes national and credit tenants such as McDonald’s, Chipotle, Starbucks, Raising Cane’s, Cracker Barrel, and Valvoline. The 5-mile trade area supports a population of over 144,700 with an average household income of $99,261. The building size is 4,430 square feet.