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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
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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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
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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
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
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 |
