REIT Sale | Former Dollar General | 2022 Built | Louisville MSA

Highlights:

• 10,997 SF Freestanding Value-Add Retail on Massive 3.0 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2022; Former Dollar General with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Strategic Frontage and Visibility on Zoneton Rd with Traffic Counts of 4,303 VPD; 3-mi from I-65 (105K VPD) and 20-minutes to Downtown Louisville
• Zoned B-1, Highway Business District with a Variety of Permitted Uses
• Absolute $1 Auction – NO RESERVE!

Description:

Ri Marketplace Online Auction October 14th-16th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2713/reit-sale-former-dollar-general-2022-built-louisville-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2713

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 1841 Zoneton Road in Shepherdsville, KY 40165 (the “Property”). Formerly occupied by Dollar General, the Property is being offered significantly below replacement cost presenting an excellent opportunity for owner/users or investors to acquire a highly visible commercial asset at a substantial discount. FIRST BID MEETS RESERVE!

Built in 2022, the Property consists of a ±10,997 SF one-story retail building situated on an expansive ±3-acre parcel (±130,715 SF) with 31 surface parking spaces. The site sits on a hard-corner location with dual frontage, providing excellent visibility and accessibility via one dedicated ingress/egress curb cut and over 400 feet of prime frontage along Zoneton Road, ensuring steady consumer traffic with ±4,303 vehicles per day (VPD). Previously occupied by Dollar General under a NNN lease, the Property represents a compelling value-add opportunity—offering potential for lease-up at competitive market rates (CoStar estimated retail rents of $13–$16/SF NNN). Zoned B-1, Highway Business District, the site allows for a broad mix of retail and commercial uses through adaptive reuse, repositioning, or redevelopment. Additional upside exists through parcelization or future expansion on the large land area, making this a flexible investment with multiple paths for value creation.

Strategically located in Shepherdsville, a fast-growing suburban community within the Louisville MSA, the Property benefits from frontage along one of the city’s primary commercial corridors. Regional connectivity is excellent, with KY-61 (±13,706 VPD) only ±2-mi away and I-65 (±105,397 VPD) less than ±3-mi away, providing direct access to Downtown Louisville (±17-mi north) and the Louisville Muhammad Ali International Airport (±13-mi away). This prime corridor captures steady daily traffic from both local residents and through-travelers, with the surrounding area featuring schools, fuel stations, neighborhood-scale retailers, and essential service providers—reinforcing the viability of retail tenancy at the site. The Shepherdsville area is also experiencing continued residential and commercial growth, further enhancing its appeal for retailers and service users. Additional demand drivers include nearby medical centers, suburban housing developments in northern Bullitt County, and strong enrollment from institutions such as North Bullitt High School and Zoneton Middle School, which together serve thousands of local students. The Property is positioned to draw from a robust consumer base, with ±33,563 residents with an average household income (AHHI) of $104,347 within 3-mi and ±92,385 resident supported by an AHHI of ±$101,671 within an expanded 5-mi area. This combination of neighborhood density, daytime employment, and regional connectivity ensures sustained demand for daily-needs retail and service-oriented businesses.

Lamar P. Fisher
Fisher Auction Company Inc.
License: 257072
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

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