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Cliffside Plaza 1961 Brownsboro Rd 19,334 SF 100% Leased Retail Building Louisville, KY 40206 $2,400,000 ($124.13/SF) 6.20% Cap Rate
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
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
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
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Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.
- Golden Wash
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- Professional, Scientific, and Technical Services
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In 1955, H&R Block was founded with the understanding that taxes are more than just numbers on a page — they have a real impact on people’s lives. This founding principle helps guide them today, as they continue to transform the industry. Since 1955, they have prepared millions of tax returns worldwide. With an average of 10 years’ experience, their tax pros can handle the full spectrum of tax situations. And that’s not all. Their Tax Institute at H&R Block is among the first to analyze and understand the latest tax laws. Meaning no one is more qualified to get taxpayers every dollar and deduction they deserve.
- Nail Nurse
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- Accommodation and Food Services
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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
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - | ||
| Golden Wash | - | - | - | - | ||
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Professional, Scientific, and Technical Services | - | - | - | ||
| Nail Nurse | - | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
| Tikal Placita LLC | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 088B00010000 | Improvements Assessment | $497,460 |
| Land Assessment | $752,540 | Total Assessment | $1,250,000 |
PROPERTY TAXES
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Cliffside Plaza | 1961 Brownsboro Rd
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