7724 Bardstown Rd Louisville, KY 40291
- Turn key restaurants
- 1.19 lot acres
Current Use by Public Records
- McDonald's / Fast Food Restaurant / Breakfast Restaurant
Property Details for 7724 Bardstown Rd
- Lot size
- 1.19 lot acres
- Property type
- Turn key restaurants
- APN
- 23064703000000
- APU
- 23064703000000
Description
This exceptional investment opportunity presents a 20-year absolute NNN ground lease on a McDonald's restaurant located at 7724 Bardstown Rd, Louisville, KY 40291. The 4,600 square foot property sits on a 1.3-acre lot and boasts a prime location on a hard-signalized corner with over 53,000 vehicles passing daily. Built in 2022, this property benefits from a strong tenant—McDonald's—with a corporate guarantee and a BBB+ (S&P) /Baa1 (Moody's) credit rating. The lease commenced December 2, 2022, and has a remaining term of 18 years, with built-in rent bumps. The property generates a Net Operating Income (NOI) of $100,000, resulting in a 3.85% cap rate and an asking price of $2,598,000. This is an ideal 1031 exchange opportunity. The surrounding area demonstrates robust growth, with a dense population of 141,062 residents within a five-mile radius and strong average household incomes exceeding $105,000 within the same area. Further development is underway, including a large grocery store, mixed-use development, and a Baptist Health Medical Clinic, enhancing the property's long-term value and potential. This investment offers exceptional stability and growth potential due to its location, tenant strength, and lease terms.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $435,000
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Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.5806
- Latitude
- 38.1343
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
