Property summary
This exceptional investment opportunity presents a portfolio of three newly constructed retail buildings totaling 10,817 square feet on a 2.4-acre lot in New Albany, Indiana. The property boasts a prime location at a signalized intersection on State Street, a high-traffic retail corridor with ample parking, pylon signage, and easy ingress/egress. Tenants include Chipotle, Panera Bread, and Bank of America, all under long-term triple-net (NNN) leases with minimal landlord responsibilities. … The leases feature corporate guarantees, providing significant financial security. Each lease includes a 10% rent increase every five years, with at least three 5-year options, ensuring consistent income growth. The portfolio benefits from a strong tenant mix, with established national brands and a weighted average lease term (WALT) exceeding 12 years. The property's location offers excellent visibility and accessibility, situated near major roadways including US-265 and US-64, and surrounded by other national retailers such as Target, Kroger, and Home Depot. The thriving community boasts an average household income exceeding $65,000 within a five-mile radius, further enhancing the investment's appeal. The asking price is $10,527,033, representing a 4.90% cap rate and a price per square foot of $973.19, based on a net operating income (NOI) of $515,359. The buildings were constructed in 2022 and 2023 and are currently 100% occupied. This portfolio offers a compelling combination of strong tenants, long-term leases, and a desirable location, making it an ideal investment for discerning buyers. The property is conveniently located just six miles from downtown Louisville, Kentucky.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 10,817 SF
- Lot area
- 2.4 ac
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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