Louisville, KY - 7-Eleven

Description:

SRS Capital Markets is pleased to present the opportunity to acquire the fee simple interest in a brand new, absolute NNN-leased 7-Eleven convenience store and fuel station in Louisville, Kentucky. The property is leased to 7-Eleven, Inc. under a newly executed 15-year corporate lease with five 5-year renewal options, signed
by the corporate entity, 7-Eleven, Inc. (S&P: A–), with zero landlord responsibilities. The lease features 7.5% scheduled rental increases every five years, growing NOI contractually from $425,996 in Year 1 to $492,291 in Year 11. Built in 2026 to 7-Eleven’s latest prototype standard, the property may qualify for 100% bonus depreciation under the One Big Beautiful Bill Act (signed July 4, 2025), making it among the most tax-efficient acquisition structures available in the net lease market.

The property is located at the signalized, hard-corner intersection of Bardstown Road (27,000 VPD) and Hudson Lane in Louisville’s Fern Creek neighborhood (one of the city’s most established and actively growing southeast suburban corridors). The site benefits from proximity to Interstate 265 (73,100 VPD), positioning it within immediate reach of southeast Louisville’s dense residential and employment base. Within walking distance from four apartment communities totaling 535 units, Overbrook Apartment Homes (152 units), Hurstbourne Landings Apartments (120 units), Willow Oaks Apartments (79 units), and Vines at Stony Brook (184 units), providing a captive, daily convenience customer base directly adjacent to the site. The property is also within walking distance of Piccadilly Square, a 120,000 SF neighborhood shopping center that generates 1.3 million annual visits (Placer.ai) and is anchored by Ross Dress for Less, Crunch Fitness, and Five Below. The 5-mile trade area is supported by more than 196,000 residents and 94,000 employees, with average household incomes exceeding $97,000 within 3 miles.

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