![Building Photo](https://images1.loopnet.com/i2/rha-yCfkvZVQCSv9ZpUR3TCIFPWHRXavCx8BvT0te6o/112/image.jpg)
10405 Southpointe Blvd
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10405 Southpointe Blvd
4,430 SF Retail Building Louisville, KY 40291 $3,795,000 ($857/SF) 5.13% Cap Rate
![10405 Southpointe Blvd, Louisville, KY for sale - Building Photo - Image 1 of 9](https://images1.loopnet.com/i2/rha-yCfkvZVQCSv9ZpUR3TCIFPWHRXavCx8BvT0te6o/110/10405-Southpointe-Blvd-Louisville-KY-Building-Photo-1-Large.jpg)
![10405 Southpointe Blvd, Louisville, KY for sale - Building Photo - Image 2 of 9](https://images1.loopnet.com/i2/XruFhNi-63swO16QGc-3Yy9Uamjj19nBDs8AGuJiCm4/110/10405-Southpointe-Blvd-Louisville-KY-Building-Photo-2-Large.jpg)
![10405 Southpointe Blvd, Louisville, KY for sale - Building Photo - Image 3 of 9](https://images1.loopnet.com/i2/QH6XOvYfwXY6USlqrkj02vf_-3C9C8yp8acbKL41VLs/110/10405-Southpointe-Blvd-Louisville-KY-Building-Photo-3-Large.jpg)
Investment Highlights
- Approximately 11 Years Remaining | Scheduled Rental Increases | Options to Extend
- Bardstown Rd (46,700 VPD) | Excellent Visibility | Outparcel to Hy-Vee | Strong National/Credit Tenant Presence
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Direct, Affluent Consumer Base | Strong Demographics
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased Panera Bread investment property located in Louisville, Kentucky. The tenant, Panera, LLC, has approximately 11 years remaining on its 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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,430 SF
Year Built
2020
Price
$3,795,000
Price Per SF
$857
Cap Rate
5.13%
NOI
$194,544
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.13 AC
Zoning
C2 - High Density Commercial
Parking
76 Spaces (17.16 Spaces per 1,000 SF Leased)
Frontage
482 FT on Bardstown Road
Nearby Major Retailers
![Bank of America Bank of America](https://images1.loopnet.com/i2/KcPChwyhu4u40ZumnqoCfl2yBMVws3KQSoksOFbvmUs/105/image.png)
![HOTWORX HOTWORX](https://images1.loopnet.com/i2/uOAx0nsEeurTAqAZtElLJj2Wnwk-SIGstVZDIl8pVcM/105/image.png)
![Chicken Salad Chick Chicken Salad Chick](https://images1.loopnet.com/i2/doSUrvd-xZOkpQjYuBWXBTakA0c-GFU7igjLxcNQ_Jw/105/image.png)
![First Watch First Watch](https://images1.loopnet.com/i2/BMl_emZyfhBsQmrcYh1-XvbgaG5Jb5BsuimVK1AiNiw/105/image.png)
![Starbucks Starbucks](https://images1.loopnet.com/i2/V11gp9X1QvF-sYuRU43vwjphTt976BD4p9n50Z1aR1w/105/image.png)
![Waffle House Waffle House](https://images1.loopnet.com/i2/zw3r2YeHnY4LfJwUYOoqHOtPrLYrXqIxBOxLYC8cPOM/105/image.png)
![Cracker Barrel Old Country Store Cracker Barrel Old Country Store](https://images1.loopnet.com/i2/og7cXRzEdlHB92r4pWz6B2_Jwg6vxMBeAGOOe16_2f4/105/image.jpg)
![Chase Bank Chase Bank](https://images1.loopnet.com/i2/bw7biemERZsLn6pwfbqBPxA99wBdOhsB0H3fRLW4AE8/105/image.png)
![Outback Steakhouse Outback Steakhouse](https://images1.loopnet.com/i2/qexjttBzA2RNd0BVdd1qaJWr3flIcJePJ4akJUWBD9o/105/image.png)
![Applebee's Applebee's](https://images1.loopnet.com/i2/aC7_Xy5wRMx3M9kGwBAljeF0pXxhHIYNn052yg6SVC8/105/image.png)
PROPERTY TAXES
Parcel Number | 052601060000 | Improvements Assessment | $2,506,770 |
Land Assessment | $924,490 | Total Assessment | $3,431,260 |
PROPERTY TAXES
Parcel Number
052601060000
Land Assessment
$924,490
Improvements Assessment
$2,506,770
Total Assessment
$3,431,260
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10405 Southpointe Blvd
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