611 N Bardstown Rd
Mount Washington, KY 40047
Mount Washington Center · Retail Property For Sale

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Mount Washington Center (the "Property"), a 30,976-square-foot neighborhood shopping center located in Mount Washington, Kentucky (Louisville MSA).
Mount Washington Center is 100% leased to a diverse mix of e-commerce-resistant, service-oriented tenants with staggered lease expirations. The Property is anchored by Club Fitness, which has been a tenant for more than 20 years and recently executed a 10-year lease renewal through 2036, demonstrating their long-term commitment to and success at the Property. The complementary tenant mix also includes Family Dollar, Papa John's Pizza, Bullitt County Outfitters, and Willow & Oak Hair Salon.
The Property offers i nvestors a s ecure a nd s table i nvestment a t a n attractive yield, with additional upside potential through mark-to-market rent increases and the development of a vacant ±0.2-acre parcel adjacent to the existing building, as well as a potential pad site along the front of the site.
Located on Bardstown Road, the Property is well-positioned along one of the primary thoroughfares of the Louisville MSA, in the heart of the Mount Washington retail corridor. The site benefits from convenient access, excellent visibility, and prominent pylon signage. Mount Washington is a thriving southeastern suburb of Louisville situated within one of the fastest-growing counties in the state, boasting an impressive 17% population increase since 2010. The 5.78-acre site draws from a strong surrounding demographic base — within a 5-mile radius, there are more than 41,000 residents with average household incomes exceeding $114,000.
The Property has a long-standing track record of maintaining high occupancy levels, with 92% of Year-1 revenue tied to leases that commenced more than 15 years ago and a weighted average remaining lease term of more than six years.
The Property is being offered free and clear of debt at an 8.14% cap rate, representing a total offering price of $3,042,189.