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New Single-Tenant Zaxby's Restaurant
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9903 Brownsboro Rd, Louisville, KY 40241

New Zaxby's restaurant with a 15-year absolute net lease.

Property SizeContact for details
Days on Market564

Property Features for 9903 Brownsboro Rd

General Information

Standard status Active
Property subtype Retail
Lease Type Absolute NNN
Investment Type Net Lease
Net Operating Income $125,000

Building Details

Year Built 2024
Tenancy Single
Listing Agency: Hogan Real Estate
Listed By: Justin R Phelps · License #KY 30498665
Source: Crexi
Added: Jan 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:39AM

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 Hogan Real Estate

Investment Insights

Based on property information with market context.

This offering presents qualified investors with the opportunity to acquire a 100% fee simple interest in a new, single-tenant Zaxby's restaurant operating under an absolute net lease. The primary lease term is 15 years, and the investment requires zero landlord responsibilities, making it a completely passive real estate investment. The property is situated as a pad site within the recently completed Brownsboro Station project. Brownsboro Station is fully leased by tenants including McDonald’s, Sherwin-Williams, and Heartland Dental. Brownsboro Station is positioned in the heart of the MSA’s growing and affluent northeast suburbs. The surrounding area has seen significant residential and commercial growth over the past two decades, including the development of Louisville’s only open-air lifestyle center, The Paddock Shops, Old Brownsboro Crossing (anchored by Cabela’s, Lowe’s, Costco, Norton Hospital, and Norton Children’s Hospital), the 600-acre mixed-use lifestyle community, Norton Commons, various shopping centers, Class A multi-family developments, professional office buildings, and single-family residence neighborhoods. The submarket is highly desirable for both residential and commercial development due to its accessibility and demographics. It features an excellent housing inventory and a healthy retail trade area that serves a busy daytime population and nearly 60,000 residents within a 3-mile radius.

Key Highlights

  • Brand‑new Zaxby's with a 15‑year absolute net lease and zero landlord responsibilities, offering a completely passive real estate investment.
  • Located in the heart of a growing and affluent northeast suburb of the MSA.
  • Pad site within the recently completed and fully leased Brownsboro Station project, alongside McDonald’s, Sherwin‑Williams, and Heartland Dental.

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store HVAC Service Nail Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,384
Businesses Nearby
419k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 30% Dining 23% Shops & Services 21% Apparel 14%
Costco Wholesale Superstores
124,348 visits/mo 0.4 miles
Cabela's Apparel
59,112 visits/mo 0.3 miles
Kroger Groceries
41,346 visits/mo 0.4 miles
Costco Gasoline Shops & Services
37,802 visits/mo 0.5 miles
McDonald's Dining
20,721 visits/mo

Demographics for 40241, KY

31,016
Population
13,634
Households
2.3
Avg Household Size
43
Median Age
58%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,368
Density / Sq Mi
$95,775
Median Household Income
$54,988
Median Earnings
$1,433
Median Rent
$349,200
Median Home Value

Market

Vacancy Rate% for Retail in Louisville, KY

5.4% 2019
5.4% 2020
4.7% 2021
4.8% 2022
5.1% 2023
4.2% 2024
4.8% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - New Zaxby's restaurant with a 15-year absolute net lease.
Where is this drive through restaurant located?
The property is located at 9903 Brownsboro Rd Louisville, KY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Brand‑new Zaxby's with a 15‑year absolute net lease and zero landlord responsibilities, offering a completely passive real estate investment.; Located in the heart of a growing and affluent northeast suburb of the MSA.; Pad site within the recently completed and fully leased Brownsboro Station project, alongside McDonald’s, Sherwin‑Williams, and Heartland Dental.
More about this property
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