9903 Brownsboro Rd Louisville, KY 40241

Property Details for 9903 Brownsboro Rd

Lot size

1.59 lot acres

Zone code

C1-COMMERCIAL

Property type

Commercial land

APN

21W00600210000

APU

21W00600210000

Description

This offering presents a unique opportunity to acquire a fee simple interest in a brand-new, single-tenant Zaxby's restaurant located at 9903 Brownsboro Rd, Louisville, KY 40241. The property is situated on a 0.49-acre lot within the Brownsboro Station project, a thriving retail center also home to McDonald's, Sherwin-Williams, and Heartland Dental. This absolute net ground lease boasts a 15-year primary term commencing October 20, 2024, and expiring October 31, 2039, with four, five-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property benefits from exceptional visibility and access on Brownsboro Road, a high-traffic artery with over 27,000 vehicles per day. The surrounding area is characterized by significant residential and commercial growth, including new Publix and Kroger grocery stores, phase II of the Norton Commons community, and multiple medical office developments. This prime location is within a strong demographic area, boasting an average household income of $146,700 within a five-mile radius and proximity to The Paddock Shops, Old Brownsboro Crossing, and Norton Commons. The property offers a 5.00% cap rate and a net operating income (NOI) of $125,000, making it an attractive investment opportunity with minimal landlord responsibilities. The building was constructed in 2024. This is a completely passive real estate investment.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Longitude

-85.5655

Latitude

38.3144

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments