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Property profile & analytics
OFF-MARKET
Neighborhood centers

3039 Breckenridge Ln Louisville, KY 40220

Property ID
Property summary
AI-generated overview

McMahan Plaza, a thriving neighborhood center in Louisville's Hikes Point submarket of Jefferson County, presents a unique investment opportunity. This established retail property boasts a diverse tenant mix, anchored by a Kroger Grocery Store and Fuel Center, ensuring consistent traffic and revenue streams. The center's success is evidenced by its over fifty years of operation as a key destination in the community. The property benefits from a high-traffic location at a busy intersection within Hikes Point. Recent renovations have modernized the center, enhancing its appeal to both tenants and customers. With ample parking accommodating 1,334 vehicles, McMahan Plaza offers convenient access for shoppers. The tenant roster includes a mix of national and local restaurants and a variety of other businesses catering to the neighborhood's needs, creating a vibrant and well-rounded retail environment. This established center provides a stable investment with significant potential for future growth. The property's long-standing success and strategic location make it an attractive option for investors seeking a proven, high-performing retail asset. The combination of a strong anchor tenant, diverse tenant mix, and convenient location positions McMahan Plaza for continued success in the years to come.

Property profile
Verified
Property type Neighborhood centers
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
Current use
Occupant on record · Public records
  • The Little Clinic Medical Clinic
  • Kroger Floral (Bike/Boat/Book/etc) Store Florist
  • Amanda Dewees Pediatrician Physician
  • MoneyGram Bank Credit Union
  • Ria Money Transfer - Kroger Bank Credit Union
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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