7724 Bardstown Rd, Louisville, KY 40291

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.