2740 Allison Ln Jeffersonville, IN 47130-5952

Property Details for 2740 Allison Ln

Year built

2010

Lot size

1.28 lot acres

Property size

3,580 SF

Property type

Turn key restaurants

APN

10-19-01-201-025.000-009

APU

101901201025000009

Description

Exceptional investment opportunity featuring a 3,580 square foot Hardee's/Carl's Jr. restaurant located at 2740 Allison Ln, Jeffersonville, IN 47130. This Class A property boasts a long-term, net lease (NNN) with 15.6 years remaining until expiration (June 29, 2040), offering significant passive income potential. The property sits on a 1.28-acre lot and is zoned C2. Built in 2009, the single-tenant building enjoys 100% occupancy since its lease commencement on January 27, 2020. The current asking price is $2,038,000, representing a compelling $569.27 per square foot and a 7.00% cap rate based on a Net Operating Income (NOI) of $142,666. The lease includes four 5-year renewal options, providing further long-term security. This strategically located retail property benefits from its proximity to major anchors such as Meijer and Kohl's, and other national tenants including Dunkin' Donuts, McDonald's, ALDI, and more. The property's strong performance is further supported by the robust growth of the Louisville MSA, a rapidly expanding area with a population exceeding 1.3 million residents. This is a fee simple ownership opportunity with a proven track record of success. The lease is backed by StarCorp LLC, a premier Hardee's operator with approximately 160 units, known for its rapid growth within the franchise.

Location Insight

City

Jeffersonville

County

Clark

State

Indiana

Longitude

-85.7104

Latitude

38.3208

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments