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Cliffside Plaza 1961 Brownsboro Rd 19,334 SF 100% Leased Retail Building Louisville, KY 40206 $2,295,000 ($118.70/SF) 6.48% 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 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
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- Professional, Scientific, and Technical Services
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H&R Block began when brothers Henry and Richard Bloch started offering tax preparation services in Kansas City, Missouri. The company pioneered the tax preparation industry by providing affordable assistance to individuals and small businesses. Today, it operates thousands of retail offices worldwide while also offering do-it-yourself online tax solutions. In addition to core tax services, H&R Block provides payroll services, business consulting, and financial products like refund advances. The company serves clients in multiple countries through both physical locations and digital platforms.
- Nail Nurse
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- Accommodation and Food Services
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Papa Johns began in 1984 when founder John Schnatter converted a broom closet into a pizza operation. The company quickly expanded through franchising and now maintains a significant international footprint. The business focuses on pizza delivery and carryout services while emphasizing fresh ingredients. Their product lineup includes various pizza styles, sides, desserts, and beverages. Though originally based in Indiana, the brand developed a global presence through both company-owned and franchised locations. The company's commitment to quality ingredients remains central to its operations.
- 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
Presented by
Cliffside Plaza | 1961 Brownsboro Rd
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