This exceptional investment opportunity presents the chance to acquire the leased fee interest in a brand-new, 7,575 square foot Bubba's 33 restaurant in Louisville, Kentucky. The property boasts a 15-year net lease with three 5-year renewal options, ensuring long-term income stability. The lease includes 10% rental increases every five years, providing built-in protection against inflation. With minimal landlord responsibilities, this NNN lease offers a low-management, passive investment opportunity. Located on a 1.08-acre lot with 89 parking spaces, the restaurant enjoys excellent visibility at a signalized intersection of Bardstown Road and Southpointe Boulevard, a major retail thoroughfare with over 46,700 vehicles passing daily. The property benefits from its strategic outparcel location to a future Hy-Vee grocery store, alongside other national tenants such as Panera Bread and Bank of America. The surrounding area features a high concentration of national retailers and a dense population with strong demographics, including a 5-mile trade area population exceeding 147,000 and an average household income of $98,825. Built in 2024, this single-story building offers a current NOI of $169,000, a 5.00% cap rate, and an asking price of $3,380,000 ($446.20/sq ft). The property's location near other major retailers, including Walmart, Kroger, and Kohl's, further enhances its appeal and potential for continued success. This is a prime opportunity for investors seeking a secure, high-performing asset with significant long-term growth potential.
Highlights
Brand new 15-year lease with scheduled rent increases and extension options.
Triple-net (NNN) lease with fee ownership, minimizing landlord responsibilities.
High-traffic location on Bardstown Rd (46,700 vehicles per day), offering excellent visibility as an outparcel to Hy-Vee, anchored by a strong national credit tenant.
Direct access to an affluent consumer base with strong demographics.
Property Details
for 10435 Southpointe Blvd
Property type
Retail properties, Restaurants
Square Feet
7,575 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
47,045 SF
Location Insight
City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.1396846
Longitude
-85.581467
10435 Southpointe Blvd, Louisville, Kentucky
Nearby Similar for Sale
For Sale
$7,500,000
Nulu District Mixed-Use Gem
Historic building, prime location, multiple income streams
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
10435 Southpointe Blvd
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.