10435 Southpointe Blvd - Restaurant FOR SALE


Louisville, KY 40291
$3,380,000 USD
480-221-4221
10435 Southpointe Blvd, Louisville, KY for Sale
$3,380,000 USD
Restaurant - FOR SALE
1/7
null | 5% Cap Rate

10435 Southpointe Blvd
Louisville, KY 40291


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | New Construction
  • NNN Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
  • Bardstown Rd (46,700 VPD) | Excellent Visibility | Outparcel to Hy-Vee | Strong National/Credit Tenant Presence
  • Direct, Affluent Consumer Base | Strong Demographics

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an NNN leased, Bubba’s 33 investment property located in Louisville, Kentucky. The tenant recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Site work is complete and construction is scheduled to begin soon.

FOR SALE DETAILS

PRICE

$3,380,000 USD

PRICE/SF

$446 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bubba's 33

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C-1

APN/PARCEL ID

052601080000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.