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Cliffside Plaza 1961 Brownsboro Rd 19,334 SF 100% Leased Retail Building Louisville, KY 40206 $3,121,911 CAD ($161.47 CAD/SF) 6.48% Cap Rate
Investment Highlights
- Well Position Location: Strategically located along Brownsboro Road, a high-traffic corridor with 9,018 vehicles per day (ADT) and strong visibility
- Strong Demographics: Within a 3-mile radius, the area boasts 91,216 residents with an average household income exceeding $72,000
- Accessibility & Exposure: Convenient access from both Brownsboro Road and surrounding arterials ensures strong daily traffic and visibility.
- Established Trade Area: Situated in one of Louisville’s most desirable submarkets—minutes from Frankfort Avenue, I-71, and I-264
- Attractive Fundamentals: Combination of high occupancy and consistent rental income creates an appealing risk-adjusted return profile for investors
- Vibrant Surroundings: The property benefits from proximity to a mix of businesses and residential neighborhoods that drive year-round customer traffic
Executive Summary
Family Dollar & Papa Johns anchor the center, providing steady daily traffic and national brand recognition.
Golden Wash recently executed a long-term lease through 2035, reinforcing long-term stability.
H&R Block, a legacy tenant since the late 1990s, reflects the property’s sustained occupancy and consistent performance.
Local and service-based tenants such as Nail Nurses and Tikal Placita enhance community engagement and diversify the tenant profile.
The combination of creditworthy national retailers and loyal local tenants positions the property as a strong, income-producing asset with minimal turnover risk.
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.
- Golden Wash
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- Professional, Scientific, and Technical Services
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H&R Block began in 1955 when brothers Henry and Richard Bloch started a bookkeeping service in Kansas City, Missouri. They quickly pivoted to tax preparation after realizing the market need. The company pioneered the tax preparation industry and expanded through franchising in the 1950s. Over decades, it grew into a global provider of both in-person and digital tax services. Today, the company offers do-it-yourself tax software, assisted tax preparation, and financial products like refund advances. They also serve small businesses with bookkeeping and payroll services. H&R Block continues to adapt by integrating technology into their traditional tax services.
- Nail Nurse
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- Accommodation and Food Services
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Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.
- Tikal Placita LLC
- Retailer
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - | ||
| Golden Wash | - | - | - | - | ||
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Professional, Scientific, and Technical Services | - | - | - | ||
| Nail Nurse | - | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
| Tikal Placita LLC | Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 088B00010000 | Improvements Assessment | $677,431 CAD |
| Land Assessment | $1,024,794 CAD | Total Assessment | $1,702,225 CAD |
Property Taxes
Presented by
Cliffside Plaza | 1961 Brownsboro Rd
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