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Property profile & analytics
OFF-MARKET
Lifestyle centers

0 Paddock Shops Louisville, KY 40241

367,500 SF
Property ID
Property summary
AI-generated overview

Paddock Shops, a thriving 367,500 square foot open-air lifestyle center in Jefferson County, Kentucky, presents an exceptional opportunity for retail and restaurant businesses. This premier shopping destination, boasting over 16.5 million annual visitors, serves northeastern Louisville and southern Indiana, a trade area exceeding the combined populations of Birmingham, Alabama, and Charleston, South Carolina. Currently, 10,476 square feet of retail space is available, divisible into units ranging from 900 to 7,000 contiguous square feet, ideal for a variety of businesses. The center enjoys a highly desirable location, easily accessible from I-265 and Brownsboro Road, with over 100,000 cars passing daily. Its tenant roster includes marquee retailers such as Williams-Sonoma, Pottery Barn, Gap, Athleta, Barnes & Noble, Orvis, and Build-a-Bear Workshop, underscoring its prestige and drawing power. The area's demographics are exceptionally strong, featuring higher incomes and education levels than comparable markets like Lexington, Birmingham, and Charleston. Over 59% of the population holds a Bachelor's degree or higher. Restaurant sales within the center exceed $27 million annually. The recent completion of the new East End Bridge further enhances accessibility, particularly for customers from southern Indiana. Tourism is a significant economic driver, representing the third-largest component of the local economy. This is a rare opportunity to secure space in one of Louisville's most successful and sought-after retail locations.

Property profile
Verified
Property type Lifestyle centers
Total area 367,500 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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