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    10415 Southpointe Blvd Louisville, KY 40291

    Sponsored
    For Sale
    $3,474,000

    Prime Retail Investment: NNN Lease, High NOI

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 4,000 square foot, single-tenant Bank of America located in Louisville, KY. The property, built in 2024, sits on a 0.84-acre lot with 47 parking spaces and enjoys a prominent location at 10415 Southpointe Blvd, 40291. The Bank of America occupies the entire building, a one-story structure, under a 15-year net lease with four 5-year options. The lease includes 10% rent bumps at the beginning of each option period (options 1 & 2), ensuring consistent NOI growth and inflation protection. Options 3 and 4 are subject to fair market rental increases. This NNN lease minimizes landlord responsibilities, making it an ideal low-management investment. The property boasts a 4.75% cap rate and a current NOI of $165,000, with an asking price of $3,474,000 ($868.50/sq ft). The strategic location is an outparcel to a future Hy-Vee grocery store, further enhancing its value and visibility. The area features significant traffic volume on Bardstown Rd (46,700 VPD) and is surrounded by other national retailers, including Walmart, Kroger, Kohl's, and numerous restaurants, creating a strong retail environment. The 5-mile trade area boasts a population exceeding 144,600 with an average household income of $99,409. This property offers a secure, high-return investment with built-in growth potential. The drive-thru equipped Bank of America is a testament to its prime location and strong tenant commitment.

    Property Features for 10415 Southpointe Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,000 SF
    Lot Size
    36,590 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • Brand new, 15‑year net lease with Bank of America; includes four 5‑year options with scheduled rent increases.
    • NNN lease with minimal landlord responsibilities; leased fee ownership.
    • Excellent visibility; outparcel to Hy‑Vee; located on Bardstown Rd (46,700 VPD) with strong national tenant presence.
    • Strong demographics; affluent consumer base within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.5809256
    Latitude
    38.1385412

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Investment: NNN Lease, High NOI
    Where is this individual retail property 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 net lease with Bank of America; includes four 5-year options with scheduled rent increases.; NNN lease with minimal landlord responsibilities; leased fee ownership.; Excellent visibility; outparcel to Hy-Vee; located on Bardstown Rd (46,700 VPD) with strong national tenant presence.
    Request Owner's contact information
    10415 Southpointe Blvd Louisville, KY 40291
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    Louisville, KY 40291
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10415 Southpointe Blvd Louisville, KY 40291
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