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Pleasure Ridge Town Centre 8507-8541 Terry Rd 94,229 SF 72% Leased Retail Building Louisville, KY 40258 $4,850,000 ($51.47/SF)



Executive Summary
Current ownership has maintained the Property incredibly well, allowing new ownership the opportunity to focus on continuing to reach stabilization through lease-up. Additional value-add levers include development of additional pad-sites, market rate renewals and NNN conversions. This Property had a full roof replacement in 1Q'2023 and recently underwent a zoning change to C-2, allowing for a higher variety mix of retail and commercial uses.
Pleasure Ridge Town Centre presents an appealing investment opportunity for an owner-occupant or investor, with a large amount of value still available to be added and realized.
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
China Dragon is a privately held Chinese restaurant located in Louisville, Kentucky. The establishment specializes in traditional Chinese cuisine, including popular dishes such as sweet and sour chicken, lo mein, and fried rice. Founded in 2007, the restaurant operates as a single-location business serving the local community with dine-in, takeout, and delivery options. China Dragon emphasizes freshly prepared meals and offers an extensive menu featuring appetizers, soups, seafood, poultry, and vegetarian selections. The restaurant has built a reputation for affordable pricing and convenient service, supported by online ordering capabilities through its official website.
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
Gorilla Bob’s Grub Shack is a privately held restaurant located in Louisville, Kentucky. Founded in 2020, the establishment offers a menu centered on hearty comfort foods, including its signature Kentucky Hot Brown, Philly cheesesteaks, specialty fries, and a variety of melts and sandwiches. The restaurant emphasizes generous portions and a casual dining experience, with options for dine-in and takeout. Gorilla Bob’s gained local recognition for its creative spins on regional favorites and its community-focused approach, including catering services for local businesses.
Ken's Haircutting is a privately held barber shop located in Louisville, Kentucky. Established in 2010, the business specializes in men’s haircuts, beard trims, and traditional grooming services. Operating as a single-location entity, Ken's Haircutting serves the local community with a focus on classic barbering techniques. The shop is owned and managed by Ken Cranford and has maintained a reputation for consistent service quality over the years. It falls under the personal care services sector and adheres to industry standards for barbering and grooming.
La Luna Event Center is a privately held event venue located in Louisville, Kentucky. Established in 2022, the center offers flexible space for weddings, receptions, birthdays, and corporate events. The facility provides amenities such as tables, chairs, lighting, and sound systems, with options for extended hours and customized setups. La Luna Event Center operates as an independent business and does not belong to a parent organization. The venue has become a local choice for social and cultural events, supported by its accessible location and adaptable layout.
Pleasure Ridge Park Dentistry is a privately held dental practice located in Louisville, Kentucky. Established in 2019, the clinic provides comprehensive dental services, including preventive care, cosmetic treatments, dental implants, Invisalign, and gum disease therapy. The practice serves patients of all ages and emphasizes modern technology for diagnostics and treatment. Over the years, it has built a reputation for patient-focused care and accessibility, offering flexible scheduling and in-house membership plans for uninsured patients. The clinic operates independently and does not belong to a parent organization. Its leadership team includes experienced dentists and hygienists committed to maintaining high standards of oral health care for the local community.
Southwest Basketball Club is a nonprofit youth sports organization based in Louisville, Kentucky. Founded as a community initiative, the club provides basketball training and competitive opportunities for athletes from elementary through high school. Its programs include skill development clinics, seasonal leagues, and AAU-sponsored teams, alongside academic support such as math and reading instruction from certified educators. The organization also offers free after-school STEM programs and girls’ basketball leagues to promote inclusivity.
The Chapel Church operates as a local Christian congregation serving the surrounding community through worship services, prayer gatherings, and family-oriented activities. While detailed historical information for this specific location is limited, churches under similar names typically emphasize Bible-based teaching, community outreach, and programs for children and youth. The Louisville site functions independently and does not appear to be part of a larger denominational network based on available public records. It is privately held and primarily focused on providing a space for spiritual growth and fellowship.
White Elephant Vendors Market is a privately held retail business located in Louisville, Kentucky. Established in 2013, the market operates as an indoor vendor mall featuring a wide range of merchandise, including antiques, furniture, home décor, tools, jewelry, and collectibles. The facility hosts multiple vendor booths, providing a centralized space for independent sellers to showcase their products. Known for its variety and accessibility, the market caters to bargain hunters and collectors seeking unique items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Accommodation and Food Services | - | - | - | ||
|
Retailer | - | - | - | ||
|
Accommodation and Food Services | - | - | - | ||
|
Services | - | - | - | ||
|
Arts, Entertainment, and Recreation | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Arts, Entertainment, and Recreation | - | - | - | ||
|
Services | - | - | - | ||
|
Retailer | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 2,000 SF
- Retail
- -
- Now
Space can be sub-divided.
- 8535
- 6,000 SF
- Retail
- -
- Now
- 8539
- 3,000 SF
- Retail
- In-Line
- Now
- 8541
- 4,000 SF
- Retail
- End Cap
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,000 SF | Retail | - | Now |
| 8519 | 9,450 SF | Retail | In-Line | 30 Days |
| 8535 | 6,000 SF | Retail | - | Now |
| 8539 | 3,000 SF | Retail | In-Line | Now |
| 8541 | 4,000 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
8519
| Size |
| 9,450 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
8535
| Size |
| 6,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
8539
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
8541
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
8519
| Size | 9,450 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
Space can be sub-divided.
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,855,970 | |
| Land Assessment | $1,040,580 | Total Assessment | $2,896,550 |

