McDonald's Ground Lease | 7724 Bardstown Rd
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McDonald's Ground Lease 7724 Bardstown Rd
4,600 SF Retail Building Louisville, KY 40291 $2,598,000 ($565/SF) 3.85% Cap Rate
Investment Highlights
- 20-Year Absolute NNN Ground Lease to investment-grade tenant
- Outparcel to new high-profile retail development in premier retail corridor
- High visibility, signalized hard corner location in affluent and dense trade area
- New 2022 construction with dual drive through
Executive Summary
Located on a hard signalized corner with 53,244 vehicles per day directly in front of the site
Cedar Creek Crossing is located at the highest trafficked intersection in the MSA outside of the I-265 beltway with over 53,000 vehicles per day directly in front of the site.
Surrounded by numerous new retail, residential, and mixed use developments
Strong annual household income of $110,403 within a three-mile radius and $105,345 within a five-mile radius (each expected to grow by 16%+ by 2029)
Dense population of 141,062 residents within a five-mile radius
Cedar Creek Crossing is located at the highest trafficked intersection in the MSA outside of the I-265 beltway with over 53,000 vehicles per day directly in front of the site.
Surrounded by numerous new retail, residential, and mixed use developments
Strong annual household income of $110,403 within a three-mile radius and $105,345 within a five-mile radius (each expected to grow by 16%+ by 2029)
Dense population of 141,062 residents within a five-mile radius
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,600 SF
Year Built
2022
Price
$2,598,000
Price Per SF
$565
Cap Rate
3.85%
NOI
$100,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.19 AC
Zoning
C-1
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 064702240000 | Improvements Assessment | $0 |
| Land Assessment | $154,310 | Total Assessment | $154,310 |
PROPERTY TAXES
Parcel Number
064702240000
Land Assessment
$154,310
Improvements Assessment
$0
Total Assessment
$154,310
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McDonald's Ground Lease | 7724 Bardstown Rd
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