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Cliffside Plaza 1961 Brownsboro Rd 19,334 SF 100% Leased Retail Building Louisville, KY 40206 $2,325,000 ($120.25/SF) 6.40% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Well Position Location: Strategically located along Brownsboro Road, a high-traffic corridor with 9,018 vehicles per day (ADT) and strong visibility
  • Strong Demographics: Within a 3-mile radius, the area boasts 91,216 residents with an average household income exceeding $72,000
  • Accessibility & Exposure: Convenient access from both Brownsboro Road and surrounding arterials ensures strong daily traffic and visibility.
  • Established Trade Area: Situated in one of Louisville’s most desirable submarkets—minutes from Frankfort Avenue, I-71, and I-264
  • Attractive Fundamentals: Combination of high occupancy and consistent rental income creates an appealing risk-adjusted return profile for investors
  • Vibrant Surroundings: The property benefits from proximity to a mix of businesses and residential neighborhoods that drive year-round customer traffic

EXECUTIVE SUMMARY

The property features a diverse and complementary tenant mix of established local and national operators, contributing to stable long-term cash flow and balanced risk across the rent roll. Many tenants maintain multi-year lease commitments, reflecting the property’s strong location fundamentals and consistent customer draw along Brownsboro Road.

Family Dollar & Papa Johns anchor the center, providing steady daily traffic and national brand recognition.
Golden Wash recently executed a long-term lease through 2035, reinforcing long-term stability.
H&R Block, a legacy tenant since the late 1990s, reflects the property’s sustained occupancy and consistent performance.
Local and service-based tenants such as Nail Nurses and Tikal Placita enhance community engagement and diversify the tenant profile.
The combination of creditworthy national retailers and loyal local tenants positions the property as a strong, income-producing asset with minimal turnover risk.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
19,334 SF
Building Class
B
Year Built
1976
Price
$2,325,000
Price Per SF
$120.25
Cap Rate
6.40%
NOI
$148,783
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
1.71 AC
Zoning
C2-COMMERC
Parking
67 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
118’ on Brownsboro Rd

AMENITIES

  • Bus Line
  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

Family Dollar is a national discount retail chain headquartered in Chesapeake, Virginia, operating as a subsidiary of Dollar Tree since 2015. The company provides affordable everyday merchandise including household goods, groceries, cleaning supplies, apparel, health and beauty products, and seasonal items. Originally founded in 1959 in Charlotte, North Carolina, Family Dollar expanded rapidly through the Southeast and later nationwide. After its acquisition by Dollar Tree, the corporate headquarters transitioned to Chesapeake, though Family Dollar continues to maintain major operations and a distribution presence in Matthews and Charlotte, North Carolina. The Chesapeake headquarters supports executive leadership, merchandising, supply chain, operations, and administrative functions for thousands of Family Dollar stores across the United States. The brand focuses on neighborhood convenience, operating small-format stores that emphasize essential products at low prices.

  • Golden Wash
  • -
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

H&R Block, Inc. is a tax preparation and financial services company headquartered in Missouri. Founded in 1955 by brothers Henry W. Bloch and Richard Bloch, the firm has grown into one of the most recognizable brands in consumer tax services. The company operates in the United States, Canada, and Australia through a network of retail offices, franchise locations, online filing platforms, and hybrid digital-assisted tax solutions. Its primary offerings include individual tax preparation, small-business tax services, do-it-yourself filing software, and year-round advisory support. Additional services include refund transfers, prepaid debit products, identity protection plans, and bookkeeping and payroll solutions for small businesses. H&R Block also provides financial tools such as the Emerald Prepaid Mastercard and refund advance loans. The company serves millions of taxpayers annually and maintains a significant seasonal workforce to support tax-season.

  • Nail Nurse
  • -
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -

Papa Johns International, Inc. is a leading global pizza brand known for its commitment to “Better Ingredients. Better Pizza.®” Founded in 1984, the company has grown to thousands of locations in over 45 countries. Papa Johns stands out for its fresh, never-frozen dough, signature sauces, and quality toppings. Headquartered in Atlanta, Georgia, the brand continues to innovate in digital ordering, customer experience, and community engagement, while staying true to its promise of delivering better pizza every time.

  • Tikal Placita LLC
  • Retailer
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -
Golden Wash - - - -
Professional, Scientific, and Technical Services - - -
Nail Nurse - - - -
Accommodation and Food Services - - -
Tikal Placita LLC Retailer - - -

NEARBY MAJOR RETAILERS

Kroger
barre3
Park National Bank
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
088B00010000
Land Assessment
$752,540
Improvements Assessment
$497,460
Total Assessment
$1,250,000
  • Listing ID: 38182423

  • Date on Market: 10/23/2025

  • Last Updated:

  • Address: 1961 Brownsboro Rd, Louisville, KY 40206

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