Share This Listing

Message

942 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

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
$2,295,000
Price Per SF
$118.70
Cap Rate
6.48%
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 began in 1959 as a discount variety store chain and grew from a neighborhood retail concept into a nationwide business serving everyday shopping needs. The company focuses on affordable family essentials and carries food and beverages, paper products, health and beauty supplies, pet food, home products, apparel and accessories, seasonal goods, and electronics. Family Dollar supports convenient value shopping through national brands, private-label items, and digital savings tools across the United States.

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

H&R Block was founded in 1955 by brothers Henry and Richard Bloch as a company focused on income tax return preparation. The business has since expanded into tax preparation services, financial products, and small-business solutions, with offerings that include assisted filing, DIY tax tools, and digital banking through Spruce. H&R Block also serves small-business owners through Block Advisors and Wave, which support bookkeeping, payroll, advisory, and payment processing needs. The company continues to pair in-person help with digital services across its tax and financial ecosystem.

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

Papa John's International began in 1984 in Jeffersonville, Indiana, when John Schnatter opened the first restaurant with a focus on pizza made for delivery and carryout. The company has grown into a broad pizza restaurant business with a large network of company-owned and franchised restaurants in the United States and abroad. Papa John's sells pizza, breadsticks, wings, desserts, and drinks, and the company supports restaurant supply through commissary operations and quality control centers. The business also includes franchising and international operations, giving the company a wider presence across restaurant service and food distribution channels.

  • 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 - - -
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100

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

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}