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Absolute Net Ground Lease Zaxby’s Offering 9903 Brownsboro Rd 2,000 SF Retail Building Louisville, KY 40241 $3,456,250 CAD ($1,728.13 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Unparalleled location in one of the most affluent and rapidly growing suburbs of Louisville, KY.
  • Excellent access and visibility from Brownsboro Road with over 27,000 VPD in front of the site.
  • The area’s demographics are some of the strongest in Kentucky, with 127 residents within 5 miles of the site and an average HH income of $146,700.
  • Immediate area include new Publix and Kroger grocery stores, phase II of the Norton Commons lifestyle community, and multiple new medical offices
  • Trade area is home to The Paddock Shops, Old Brownsboro Crossing, and Norton Commons.
  • Zaxby’s absolute net ground lease has zero landlord responsibility, a 15 year term, 10% rental increases every 5 years, and 4 5-year renewal options.

EXECUTIVE SUMMARY

Qualified investors are extended the opportunity to acquire 100% fee simple interest in a brand-new single-tenant, absolute net lease Zaxby’s with a 15-year primary lease term and zero landlord responsibilities; the offering is a completely passive real estate investment. The property is a pad site within the recently completed Brownsboro Station project. The project is fully leased by McDonald’s, Sherwin-Williams, Heartland Dental, and Zaxby’s.
Brownsboro Station is located in the heart of the MSA’s growing and affluent northeast suburbs. The immediate area has experienced major residential and commercial growth over the past two decades with the development of Louisville’s only open-air lifestyle center, The Paddock Shops, Old Brownsboro Crossing (Cabela’s, Lowe’s, Costco, Norton Hospital, Norton Children’s Hospital), including the 600-acre mixed-use lifestyle community, Norton Commons, and various other shopping centers, Class A multi-family developments, professional office buildings, and single-family residence neighborhoods. The submarket remains one of the best and most desirable in the market for residential and commercial development due to the access and demographics. It maintains an excellent housing inventory and a healthy retail trade area that provides goods and services to a busy daytime population and nearly 60,000 residents within a 3-mile radius of the site.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
2,000 SF
Year Built
2024
Price
$3,456,250 CAD
Price Per SF
$1,728.13 CAD
Cap Rate
5%
NOI
$172,813 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.04 AC
Zoning
C1-COMMERC

NEARBY MAJOR RETAILERS

HOTWORX
Old National Bank
Red Robin
PNC Bank
Olive Garden
Chili's Grill & Bar
LongHorn Steakhouse
Fifth Third Bank
Starbucks
Kroger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
W00600210000
Land Assessment
$1,867,628 CAD
Improvements Assessment
$740,211 CAD
Total Assessment
$2,607,838 CAD
  • Listing ID: 34569775

  • Date on Market: 2025-01-22

  • Last Updated:

  • Address: 9903 Brownsboro Rd, Louisville, KY 40241

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