5000 Maple Spring Dr, Louisville, KY 40229

Property Details for 5000 Maple Spring Dr

Year built

2024

Lot size

0.71 lot acres

Property type

Commercial real estate

APN

23008502770000, 23008500960000

Description

This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew drive-thru restaurant in Louisville, KY. The property, built in 2024 and boasting 100% occupancy, sits on a 0.71-acre lot with 15 parking spaces. A 15-year absolute NNN lease is in place, featuring a 6.15% cap rate and a substantial $113,500 net operating income (NOI). Rent increases of 10% are built into the lease every five years, providing consistent growth potential. The property enjoys a prime location on Maple Spring Drive, benefiting from high visibility on Preston Highway (55,000 vehicles per day), proximity to interstates I-265 and I-65 (135,000 vehicles per day), and strong retail synergy with nearby establishments including a Chick-fil-A, Walmart, Kroger, and a soon-to-be-built Chipotle. The lease is guaranteed by a major franchisee with a proven track record, currently operating 62 locations and aiming for 100 by the end of 2025. This single-story building is zoned for general commercial use and offers a compelling investment opportunity due to its strong tenant, long-term lease, and prime location within a high-growth area. The asking price is $1,846,000. Four five-year lease options are included. The property is situated in Jefferson County, KY, zip code 40229, and benefits from a ground lease.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Longitude

-85.6705051

Latitude

38.0993045

Property Visit Statistics

• Visits by month
  0
• Visitors by month
  21.3k
• Avg Time on site
  7 min