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    7710 Bardstown Rd Louisville, KY 40291

    Sponsored
    For Sale
    $31,288,420

    17-Tenant Net Lease Retail Portfolio

    Property size:
    43,368 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a premier, 100% occupied, multi-tenant retail center in Louisville, KY. This Class A property boasts 43,368 square feet across six buildings on an 8.86-acre lot, featuring a diverse mix of 17 national tenants including McDonald's, Starbucks, Chipotle, and more. Built in 2023, the center benefits from a strong location in a high-growth area with over 50,000 vehicles passing daily. The property features a weighted average lease term of 10 years with built-in rent escalations, providing a secure and stable income stream. The asking price is $31,288,420, representing a 5.00% cap rate and a NOI of $1,564,421. The property is zoned C-1 and includes four outlots and two multi-tenant retail centers. This is an ideal investment for 1031 exchange or private equity investors seeking a high-quality, net-lease retail portfolio in a thriving market. The property's diverse tenant mix, long-term leases, and prime location make it a compelling investment opportunity with significant upside potential. The strong demographics of the area, with an average household income exceeding $100,000 within a 3-mile radius, further enhance the property's value and long-term prospects. This is a turnkey investment with minimal management requirements, offering a stable and predictable return on investment.

    Property Features for 7710 Bardstown Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    43,368 SF
    Class
    A
    Lot Size
    385,942 SF

    Building Details

    Year Built
    2023
    Buildings
    6

    HighLights

    • $31,288,420 asking price for a Class A, multi‑tenant retail property.
    • Net lease (NNN) investment with a 5.00% cap rate and $1,564,421 NOI.
    • 17 tenants in a 43,368 square foot space, 100% occupied, with a weighted average lease term of 10 years and rent escalations.
    • Located in Louisville, KY (7710 Bardstown Rd, 40291) on an 8.86‑acre lot with C‑1 zoning.
    • Six buildings built in 2023, featuring national tenants such as McDonald's, Starbucks, Chipotle, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chipotle Mexican Grill Mexican Restaurant Sleep Number Mattress Store

    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
    -85.57994325
    Latitude
    38.13512864

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    FAQs

    What type of property is this?
    Lifestyle center - 17-Tenant Net Lease Retail Portfolio
    Where is this lifestyle center located?
    The property is located at 7710 Bardstown Rd Louisville, KY.
    What is the asking price?
    The asking price for this property is $31,288,420.
    What are key features of this property?
    This property features: $31,288,420 asking price for a Class A, multi-tenant retail property.; Net lease (NNN) investment with a 5.00% cap rate and $1,564,421 NOI.; 17 tenants in a 43,368 square foot space, 100% occupied, with a weighted average lease term of 10 years and rent escalations.
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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
    7710 Bardstown Rd Louisville, KY 40291
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