1825 S Preston Hwy
Shepherdsville, KY 40165
Insurance Auto Auctions · Retail Property For Sale

This offering represents a rare opportunity to acquire a stabilized industrial outdoor storage investment in one of Kentucky’s highest-growth logistics corridors. Situated in Shepherdsville, the property occupies 8.14 fully usable acres zoned IG General Industrial. The site includes a 3,500 square foot metal building along with an office trailer, and benefits from grading, gravel surfacing, perimeter fencing, and essential industrial infrastructure.
The asset is fully leased to Insurance Auto Auctions of Tennessee, LLC, a subsidiary of IAA Holdings, LLC, which operates under parent company RB Global Inc. (NYSE: RBA). The lease runs through October 31, 2028, with a one-year extension option to 2029. Current NOI for November 2025 through October 2026 is $138,931, generating a 5.79 percent cap rate with scheduled 3.5 percent annual rent increases.
Strategically located along the I-65 logistics spine south of Louisville, this submarket continues to experience exceptional industrial demand, particularly from distribution, supply chain, and IOS user groups. Industrial land in the region is becoming increasingly scarce due to migration, rezoning restrictions, and continued expansion from major regional employers. The property's IG zoning further supports long-term residual value beyond the current lease horizon.
The site sits 14 miles south of Ford’s Louisville Assembly Plant and 31 miles north of the emerging BlueOval SK Battery Park, a $5.8 billion manufacturing campus in Hardin County. The area has seen amplified capital investment following Ford’s 2025 announcement of an additional $2 billion toward next-generation EV manufacturing. Louisville Muhammad Ali International Airport and UPS WorldPort, the fifth largest global cargo hub, are also positioned approximately 14 miles north, strengthening the location’s logistics relevance.