6811 Bardstown Rd Louisville, KY 40291-3049
Property profile & analytics
6811 Bardstown Rd Louisville, KY 40291-3049
- Turn key restaurants
- 4,276 SF
- 0.90 lot acres
Property ID
US34-2276221
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Raising Cane's Chicken Fingers / Restaurant / Take-out & Catering
Property Details for 6811 Bardstown Rd
- Year built
- 1993
- Lot size
- 0.90 lot acres
- Property size
- 4,276 SF
- Zone code
- OR3-OFFICE/RESIDENTIAL
- Property type
- Turn key restaurants
- APN
- 22187000160000
- APU
- 22187000160000
Description
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Raising Cane's restaurant located at 6811 Bardstown Rd, Louisville, KY 40291. The property boasts a 3,170 square foot building situated on a 0.9-acre lot in a high-traffic area with over 41,400 vehicles passing daily. The tenant, Raising Cane's, is a corporate-owned location (acquired December 2020), providing a strong corporate guarantee. The current lease, with a remaining term of approximately 9.3 years (expiring 02/28/2034), includes four, five-year renewal options and features built-in rent bumps. The property offers a 6.40% cap rate with a current NOI of $312,018 and an asking price of $4,875,000. Its prime location on a signalized corner of Bardstown Road, a major thoroughfare, and less than 0.5 miles from Interstate 265 ensures excellent visibility and accessibility. Raising Cane's impressive performance, with an Average Unit Volume (AUV) exceeding $5.44 million in 2023 and projected to surpass $6 million in 2024, underscores the investment's potential. The fee-simple ownership structure allows for building depreciation, further enhancing the investment's attractiveness. This is a rare opportunity to acquire a high-performing, long-term net-leased asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $485,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $569,000
Market price range: $268k - $569k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $820,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.5852
- Latitude
- 38.1475
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$43,077
$783,200
$2,873,620
$3,656,820
-
$783,200
$2,873,620
$3,656,820
