Bubba's 33
7,575 SF | Retail Building | Louisville, KY 40291 | $3,380,000 ($446/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,380,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 7,575 SF
- Price / Square Foot
- $446
Listing Contacts
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an NNN leased, Bubba’s 33 investment property located in Louisville, Kentucky. The tenant recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Site work is complete and construction is scheduled to begin August 12, 2024.
The Bubba’s 33 is located near the signalized, hard corner intersection of Bardstown Rd and Southpointe Blvd. Bardstown Rd averages over 46,700 vehicles passing by daily and is a major retail thoroughfare serving the city of Louisville. The investment will be an outparcel to a future Hy-Vee grocery store anchored center that also features national/credit tenants including Panera Bread and Bank of America pads. The asset is located less than a mile from a Walmart Supercenter and Cedar Springs Shopping Center, a 99,000+ square foot Kroger anchored shopping center. In addition, Bubba’s 33 is also located in close proximity to an 87,000+ square foot Kohl’s, with a Chick-fil-A outparcel. The property is in the center of a primary retail corridor with other nearby national/credit tenants including McDonald’s, Chipotle, Starbucks, Raising Cane’s, Cracker Barrel, Valvoline, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 147,000 with an average household income of $98,825.
The Bubba’s 33 is located near the signalized, hard corner intersection of Bardstown Rd and Southpointe Blvd. Bardstown Rd averages over 46,700 vehicles passing by daily and is a major retail thoroughfare serving the city of Louisville. The investment will be an outparcel to a future Hy-Vee grocery store anchored center that also features national/credit tenants including Panera Bread and Bank of America pads. The asset is located less than a mile from a Walmart Supercenter and Cedar Springs Shopping Center, a 99,000+ square foot Kroger anchored shopping center. In addition, Bubba’s 33 is also located in close proximity to an 87,000+ square foot Kohl’s, with a Chick-fil-A outparcel. The property is in the center of a primary retail corridor with other nearby national/credit tenants including McDonald’s, Chipotle, Starbucks, Raising Cane’s, Cracker Barrel, Valvoline, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 147,000 with an average household income of $98,825.
Property Details
- Class
- C
- Year Built
- 2025
- Stories
- 1
- Lot Size (sq. ft)
- 47,045 SF
Highlights
- Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | New Construction
- NNN Lease | Leased Fee Ownership | Minimal Landlord Responsibilities
- Bardstown Rd (46,700 VPD) | Excellent Visibility | Outparcel to Hy-Vee | Strong National/Credit Tenant Presence
- Direct, Affluent Consumer Base | Strong Demographics
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].