Louisville Retail for Sale - St Matthews
Kentucky Broker of Record: Justin Baker / License No.: 204053
Faris Lee Investments is pleased to present a rare opportunity to acquire a PGA Tour Superstore, the undisputed leader in golf and tennis experiential retail, located in Louisville, Kentucky. The property is secured by a brand-new, corporate 10-year NNN lease featuring three (3) 5-year renewal options, creating a potential total lease term of 25 years. Built for long-term stability and value appreciation, the lease includes scheduled 8% rental increases every five (5) years throughout both the primary term and option periods, serving as a powerful, built-in hedge against inflation. This low-management structure requires minimal landlord responsibilities, with the tenant responsible for interior improvements, HVAC maintenance, and the reimbursement of property taxes, insurance, and common area maintenance. This hands-off arrangement makes the asset an ideal, secure vehicle for passive investors or 1031 exchange buyers looking for immediate cash flow, with the added benefit of excellent tax advantages through cost segregation and accelerated building depreciation.
The tenant, PGA Tour Superstore, represents the absolute pinnacle of specialty sports retail with institutional-grade backing. The company is owned and operated by billionaire entrepreneur Arthur Blank’s AMB Group (the private holding structure behind the Atlanta Falcons and The Home Depot), ensuring unmatched operational stability and long-term financial security. Capitalizing on the sustained, post-COVID surge in golf participation across younger, more diverse demographics, PGA Tour Superstore has expanded aggressively from just 10 stores in 2010 to more than 74 locations today, with a clear trajectory toward 100+ stores. The brand’s revolutionary, e-commerce-resistant experiential model features indoor putting greens, golf simulators, high-tech club fittings, lessons, and advanced repair services. This service-heavy, interactive destination format completely shields the business from traditional online retail disruption and guarantees a highly dedicated, recurring customer base.
Strategically positioned within the prominent Springs Station Shopping Center, the property is situated inside one of Louisville’s premier, dominant retail corridors. It sits directly adjacent to massive traffic-generating anchors, including a high-volume Home Depot and Hobby Lobby, anchoring the asset in the most proven investment class in retail real estate. This prime position ensures an immense, built-in flow of daily consumer cross-traffic, further enhanced by an elite surrounding lineup of national retailers and restaurants including Ruth’s Chris Steakhouse, Chick-fil-A, Panera Bread, Starbucks, and Books-A-Million. The property benefits from exceptional, affluent local demographic fundamentals, boasting a dense population of over 102,534 residents and a robust daytime employee count of over 46,287 within a 3-mile radius, coupled with an impressive average household income exceeding $118,172 within 5 miles. Located in a booming Louisville market undergoing major economic revitalization led by industrial giants like UPS, GE, Humana, and Yum! Brands, this property offers investors a premier opportunity to acquire a high-performing, fortress-style asset backed by elite corporate ownership.
