9903 Brownsboro RdLouisville, KY 40241

Property Details for 9903 Brownsboro Rd

Lot size

1.59 AC

Zone code

C1-COMMERCIAL

Property type

Land

Property subtype

Commercial land

APN

21W00600210000

APU

21W00600210000

Description

This offering presents a unique opportunity to acquire a fee simple interest in a brand-new, single-tenant Zaxby's restaurant located at 9903 Brownsboro Rd, Louisville, KY 40241. The property is situated on a 0.49-acre lot within the Brownsboro Station project, a thriving retail center also home to McDonald's, Sherwin-Williams, and Heartland Dental. This absolute net ground lease boasts a 15-year primary term commencing October 20, 2024, and expiring October 31, 2039, with four, five-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property benefits from exceptional visibility and access on Brownsboro Road, a high-traffic artery with over 27,000 vehicles per day. The surrounding area is characterized by significant residential and commercial growth, including new Publix and Kroger grocery stores, phase II of the Norton Commons community, and multiple medical office developments. This prime location is within a strong demographic area, boasting an average household income of $146,700 within a five-mile radius and proximity to The Paddock Shops, Old Brownsboro Crossing, and Norton Commons. The property offers a 5.00% cap rate and a net operating income (NOI) of $125,000, making it an attractive investment opportunity with minimal landlord responsibilities. The building was constructed in 2024. This is a completely passive real estate investment.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.3144

Longitude

-85.5655

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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].