7724 Bardstown Road Louisville, KY 40291
Property Lookup
Property profile & analytics
7724 Bardstown Road Louisville, KY 40291
- Turn key restaurants
- 1.19 lot acres
Property ID
US34-0701442
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
- McDonald's / Restaurant / Take-out & Catering
Property Details for 7724 Bardstown Road
- 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
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Alternative Use
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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
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
$40,321
$1,036,730
$2,386,070
$3,422,800
-
$1,036,730
$2,386,070
$3,422,800
