10415 Southpointe Blvd Louisville, KY 40291
- Retail properties
- 4,000 SF
- 0.84 lot acres
Current Use by Public Records
- Retail properties
Property Details for 10415 Southpointe Blvd
- Year built
- 2024
- Lot size
- 0.84 lot acres
- Property size
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,000 square foot, single-tenant Bank of America located in Louisville, KY. The property, built in 2024, sits on a 0.84-acre lot with 47 parking spaces and enjoys a prominent location at 10415 Southpointe Blvd, 40291. The Bank of America occupies the entire building, a one-story structure, under a 15-year net lease with four 5-year options. The lease includes 10% rent bumps at the beginning of each option period (options 1 & 2), ensuring consistent NOI growth and inflation protection. Options 3 and 4 are subject to fair market rental increases. This NNN lease minimizes landlord responsibilities, making it an ideal low-management investment. The property boasts a 4.75% cap rate and a current NOI of $165,000, with an asking price of $3,474,000 ($868.50/sq ft). The strategic location is an outparcel to a future Hy-Vee grocery store, further enhancing its value and visibility. The area features significant traffic volume on Bardstown Rd (46,700 VPD) and is surrounded by other national retailers, including Walmart, Kroger, Kohl's, and numerous restaurants, creating a strong retail environment. The 5-mile trade area boasts a population exceeding 144,600 with an average household income of $99,409. This property offers a secure, high-return investment with built-in growth potential. The drive-thru equipped Bank of America is a testament to its prime location and strong tenant commitment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.5809
- Latitude
- 38.1385
