7710 Bardstown RdLouisville, KY 40291

Property Details for 7710 Bardstown Rd

Lot size

0.71 AC

Property type

Retail properties

Property subtype

Retail space

APN

23064702980000

APU

23064702980000

Description

Exceptional investment opportunity: a premier, 100% occupied, multi-tenant retail center in Louisville, KY. This Class A property boasts 43,368 square feet across six buildings on an 8.86-acre lot, featuring a diverse mix of 17 national tenants including McDonald's, Starbucks, Chipotle, and more. Built in 2023, the center benefits from a strong location in a high-growth area with over 50,000 vehicles passing daily. The property features a weighted average lease term of 10 years with built-in rent escalations, providing a secure and stable income stream. The asking price is $31,288,420, representing a 5.00% cap rate and a NOI of $1,564,421. The property is zoned C-1 and includes four outlots and two multi-tenant retail centers. This is an ideal investment for 1031 exchange or private equity investors seeking a high-quality, net-lease retail portfolio in a thriving market. The property's diverse tenant mix, long-term leases, and prime location make it a compelling investment opportunity with significant upside potential. The strong demographics of the area, with an average household income exceeding $100,000 within a 3-mile radius, further enhance the property's value and long-term prospects. This is a turnkey investment with minimal management requirements, offering a stable and predictable return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $5,608,210

  6.5%

  $5,176,810

  7%

  $4,807,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,708,951

  Geo Method

  $6,708,951

• Alternative Use

  Use

  Valuation

  Residential

  $4,366,832

  Hospitality

  $3,999,995

  Educational

  $3,327,949

  Medical

  $3,442,402

  Retail

  $5,176,810

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1354

Longitude

-85.5808

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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