4921 Outer Loop
Louisville, KY 40219
Retail Property For Sale

IREA is pleased to offer for sale a freestanding, 3,045 square foot Qdoba restaurant situated on 0.63 acres in Louisville, Kentucky. Built in 2015, the property is operating on an absolute corporate-backed NNN lease with 12 years of primary term remaining, with three 5-year options to renew. The lease features rental increases of 10% every five years. This Qdoba location also features strong store sales well above the average Qdoba. The property is ideally located on Outer Loop (Traffic Count: 22,000 to 25,000 CPD & area’s main thoroughfare) on an out-parcel to a brand new ± 125,000 SF neighborhood center anchored by Academy Sports, Michaels, Panera Bread, Buffalo Wild Wings, and Chick-Fil-A to name a few, and across the street from a brand new Walmart Supercenter (24 hr. location with pharmacy). The property is also adjacent to the Jefferson Mall, which has 95 stores and is just under 1,000,000 SF of retail. Other nearby attractions include: GE Appliances Headquarters (2 miles), Louisville International Airport (4 miles), Kentucky Exposition Center (9 miles) University of Louisville (10 miles), and Churchill Downs (10 miles). Suffice to say, the property is at the heart of the area’s major shopping center. Louisville, KY is the largest city in the state of Kentucky and is one of the top 40 MSA’s in the United States. In addition, the area benefits from infill demographics with a 5-mile population of 173,498 and average household income of $59,490.