10435 Southpointe Blvd, Louisville, KY 40291

Property Details for 10435 Southpointe Blvd

Year built

2024

Lot size

1.08 lot acres

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents the chance to acquire the leased fee interest in a brand-new, 7,575 square foot Bubba's 33 restaurant in Louisville, Kentucky. The property boasts a 15-year net lease with three 5-year renewal options, ensuring long-term income stability. The lease includes 10% rental increases every five years, providing built-in protection against inflation. With minimal landlord responsibilities, this NNN lease offers a low-management, passive investment opportunity. Located on a 1.08-acre lot with 89 parking spaces, the restaurant enjoys excellent visibility at a signalized intersection of Bardstown Road and Southpointe Boulevard, a major retail thoroughfare with over 46,700 vehicles passing daily. The property benefits from its strategic outparcel location to a future Hy-Vee grocery store, alongside other national tenants such as Panera Bread and Bank of America. The surrounding area features a high concentration of national retailers and a dense population with strong demographics, including a 5-mile trade area population exceeding 147,000 and an average household income of $98,825. Built in 2024, this single-story building offers a current NOI of $169,000, a 5.00% cap rate, and an asking price of $3,380,000 ($446.20/sq ft). The property's location near other major retailers, including Walmart, Kroger, and Kohl's, further enhances its appeal and potential for continued success. This is a prime opportunity for investors seeking a secure, high-performing asset with significant long-term growth potential.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Longitude

-85.5815

Latitude

38.1397