7701 Preston Hwy Louisville, KY 40219

This exceptional investment opportunity presents a 5,419 square foot Hooters restaurant in Louisville, Kentucky, situated on a 1.41-acre lot at 7701 Preston Hwy, zip code 40219. The property boasts a strong 6.50% cap rate and a substantial Net Operating Income (NOI) of $302,000. The absolute NNN lease, with zero landlord responsibilities, features a corporate guarantee from HOA Holdco, LLC, a significant entity with over 350 company-owned and franchised restaurants. The lease, expiring December 31, 2032, has over 8 years remaining and includes rent bumps. Four 5-year lease options provide long-term security. Built in 1974, this single-tenant property enjoys 100% occupancy and benefits from its prime location within a dense retail corridor along Preston Highway. This high-traffic area offers excellent visibility and accessibility, with nearby retailers including Walmart, Target, Home Depot, and Jefferson Mall. Louisville's thriving economy and robust consumer base contribute to a tight retail market with historically low vacancy rates (currently 2.7% in the South Central submarket, down 1.6% year-over-year). This Hooters location consistently performs well within its brand, making it a compelling investment prospect with significant upside potential. The asking price is $4,646,154.