10435 Southpointe BlvdLouisville, KY 40291

Property Details for 10435 Southpointe Blvd

Year built

2024

Lot size

1.08 AC

Property size (Sq ft)

7,575 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1397

Longitude

-85.5815

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