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Investment Offering | NNN Lease Dunkin' 9913 Brownsboro Rd 2,050 SF Retail Building Louisville, KY 40241 $1,633,000 ($796.59/SF) 5.10% Cap Rate
Investment Highlights
- High Performing Location with Multi-Unit Operator Guarantee: 40-unit QSR operator.
- Exceptional Demographics & Growing Trade Area: the site boasts an average household income of $151,785 and 127,000 residents within five miles.
- Investors benefit from immediate value-add potential alongside contractual 10% rent increases every five years to drive yield growth.
- Prime Real Estate in High-Barrier Corridor: corridor where developable land is virtually non-existent, offering significant long-term residual value.
- Anchored by major national brands like Costco, Publix, and Kroger, and supported by the prestigious Norton Commons lifestyle community.
- The Net Lease structure provides a passive income stream, with the tenant responsible for all taxes, insurance, and common area maintenance.
Executive Summary
Qualified Investors are extended the opportunity to acquire a single-tenant, NNN lease Dunkin in affluent eastern Louisville, Kentucky. The 2,050 square foot building on 0.55 acres is prominently located on Brownsboro Road (Highway 22) just east of the Interstate 265 exchange near Interstate 71.
The area has experienced major residential and commercial growth over the past two decades with the development of Louisville’s only lifestyle center. The Paddock Shops, Old Brownsboro Crossing (Bass Pro Shop/Cabela’s, Lowe’s, Costco, Norton Hospital, Norton Children’s Hospital), Louisville’s only “New Urbanism” planned community Norton Commons, and various other shopping centers, Class A multifamily developments, professional office buildings, and single family residence neighborhoods.
Fast growing population, affluent demographics, and interstate access to both I-265 and I-71 have made the Brownsboro Road trade area one of Louisville’s premier commercial corridors. The subject’s strategic site offers maximum exposure to 27,000 VPD on Brownsboro Road.
The area has experienced major residential and commercial growth over the past two decades with the development of Louisville’s only lifestyle center. The Paddock Shops, Old Brownsboro Crossing (Bass Pro Shop/Cabela’s, Lowe’s, Costco, Norton Hospital, Norton Children’s Hospital), Louisville’s only “New Urbanism” planned community Norton Commons, and various other shopping centers, Class A multifamily developments, professional office buildings, and single family residence neighborhoods.
Fast growing population, affluent demographics, and interstate access to both I-265 and I-71 have made the Brownsboro Road trade area one of Louisville’s premier commercial corridors. The subject’s strategic site offers maximum exposure to 27,000 VPD on Brownsboro Road.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,050 SF
Year Built
2016
Price
$1,633,000
Price Per SF
$796.59
Cap Rate
5.10%
NOI
$83,331
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.56 AC
Zoning
C-1
Nearby Major Retailers
Property Taxes
| Parcel Number | W00600220000 | Improvements Assessment | $840,130 |
| Land Assessment | $359,870 | Total Assessment | $1,200,000 |
Property Taxes
Parcel Number
W00600220000
Land Assessment
$359,870
Improvements Assessment
$840,130
Total Assessment
$1,200,000
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Investment Offering | NNN Lease Dunkin' | 9913 Brownsboro Rd
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