7710 Bardstown Rd Louisville, KY 40291
- Retail space
- 0.71 lot acres
Current Use by Public Records
- Chipotle Mexican Grill / Caterer / Fast Food Restaurant
- Sleep Number / Home Goods Store / Mattress Store
Property Details for 7710 Bardstown Rd
- Lot size
- 0.71 lot acres
- Property type
- Retail space
- APN
- 23064702980000
- APU
- 23064702980000
Description
Exceptional investment opportunity: a premier, 100% occupied, multi-tenant retail center in Louisville, KY. This Class A property boasts 43,368 square feet across six buildings on an 8.86-acre lot, featuring a diverse mix of 17 national tenants including McDonald's, Starbucks, Chipotle, and more. Built in 2023, the center benefits from a strong location in a high-growth area with over 50,000 vehicles passing daily. The property features a weighted average lease term of 10 years with built-in rent escalations, providing a secure and stable income stream. The asking price is $31,288,420, representing a 5.00% cap rate and a NOI of $1,564,421. The property is zoned C-1 and includes four outlots and two multi-tenant retail centers. This is an ideal investment for 1031 exchange or private equity investors seeking a high-quality, net-lease retail portfolio in a thriving market. The property's diverse tenant mix, long-term leases, and prime location make it a compelling investment opportunity with significant upside potential. The strong demographics of the area, with an average household income exceeding $100,000 within a 3-mile radius, further enhance the property's value and long-term prospects. This is a turnkey investment with minimal management requirements, offering a stable and predictable return on investment.
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
- -85.5808
- Latitude
- 38.1354
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
