Bank of America Investment
For Sale
Contact for pricing
10415 Southpointe Blvd, Louisville, KY 40291
NNN leased Bank of America in Louisville, Kentucky.
Property Size4,000 SF
Price / SF$868.50
Days on Market759
Property Features for 10415 Southpointe Blvd
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
47
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$165,000
Building Details
Year Built
2024
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
Patrick R. Luther, CCIM · License #01912215
(480) 221-4221
Source:
Crexi
Added: Aug 7, 2024
Changed: Aug 23
Last Checked: Sep 3 at 6:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
The property is an absolute NNN leased Bank of America investment property in Louisville, Kentucky. The tenant, Bank of America, National Association, recently signed a new 15-year lease with four 5-year options to extend. The lease includes 10% rental increases every 5 years throughout the initial term and at the beginning of option periods 1 and 2. Options 3 and 4 are subject to increases at Fair Market Rental. The lease is an absolute NNN with zero landlord responsibilities. The Bank of America is located near the signalized, hard corner intersection of Bardstown Rd and Southpointe Blvd, where Bardstown Rd averages over 46,700 vehicles passing by daily. The Bank of America will be an outparcel to a future Hy-Vee grocery store anchored center that also features national/credit tenants including Panera Bread and Bubba’s 33 pads. The asset is located less than a mile from a Walmart Supercenter and Cedar Springs Shopping Center, a 99,000+ square foot Kroger anchored shopping center. In addition, Bank of America is also located in close proximity to an 87,000+ square foot Kohl’s, with a Chick-fil-A outparcel. The property is in the center of a primary retail corridor with other nearby national/credit tenants including McDonald’s, Chipotle, Starbucks, Raising Cane’s, Cracker Barrel, and Valvoline. The 5-mile trade area is supported by a population of over 144,600 with an average household income of $99,409.
Key Highlights
- Brand new 15‑year absolute NNN lease with Bank of America, providing a secure, long‑term investment.
- Zero landlord responsibilities, offering a completely passive, management‑free investment.
- 10% rental increases every 5 years during the initial term and first two option periods, ensuring growing NOI and inflation hedge.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
317k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 18%
Apparel 16%
Home Improvements & Furnishings 1%
Kohl's
Apparel
50,597 visits/mo
0.3 miles
Chick-fil-A
Dining
45,078 visits/mo
0.3 miles
McDonald's
Dining
26,674 visits/mo
0.2 miles
Thorntons
Shops & Services
25,254 visits/mo
0.2 miles
Aspen Creek Grill
Dining
22,084 visits/mo
0.2 miles
Demographics for 40291, KY
39,719
Population
16,894
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
22.6 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,576
Median Household Income
$46,186
Median Earnings
$1,161
Median Rent
$264,700
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
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Frequently Asked Questions
What type of property is this?
Bank - NNN leased Bank of America in Louisville, Kentucky.
Where is this bank located?
The property is located at 10415 Southpointe Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $3,474,000.
What are key features of this property?
This property features: Brand new 15‑year absolute NNN lease with Bank of America, providing a secure, long‑term investment.; Zero landlord responsibilities, offering a completely passive, management‑free investment.; 10% rental increases every 5 years during the initial term and first two option periods, ensuring growing NOI and inflation hedge.
