4304 Outer Loop - Fast Food FOR SALE


Louisville, KY 40219- Okolona
$1,600,000 USD
424-389-0582
4304 Outer Loop, Louisville, KY for Sale
$1,600,000 USD
Fast Food - FOR SALE
1/4
null | 5% Cap Rate

4304 Outer Loop
Louisville, KY 40219
Okolona


HIGHLIGHTS

  • Absolute NNN lease with 10% rent increases every five years; Recent 10-year extension, 12+ years remaining
  • 12.5% increase in 3 years, followed by 10% increases every 5 years; Full store remodel recently completed in 2024
  • Prime retail location – across from Kroger-anchored Festival at Jefferson Court with 20+ tenants, along with strong national tenancy along Outer Loop
  • $72,738 average household income (5-mile radius); Less than a mile away from Jefferson Mall and Walmart Supercenter
  • Approximately 2 miles away from highways 65 and 265
  • ABTB Louisville, LLC (tenant) owns and operates 40+ Taco Bell locations in the Greater Louisville area

OVERVIEW

Taco Bell on Outer Loop St in Louisville, Kentucky, presents a prime investment opportunity with an absolute NNN lease, ensuring zero landlord responsibilities. Recently extended for 10 years, the lease offers over 12 years of secure income, with a 12.5% rent increase in just three years, followed by 10% increases every five years—delivering strong, predictable growth. This high-traffic location benefits from a full store remodel completed in 2024, enhancing its long-term value and appeal.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$735 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell – Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,476 SF

ZONING

C2-COMMERC

APN/PARCEL ID

064200970000,064202230000

ASK ABOUT THIS PROPERTY

Joshua BergerCentury Partners Real Estate Inc.More Info
424-389-0582

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Joshua BergerCentury Partners Real Estate Inc.More Info
424-389-0582

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