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Louisville, KY - Charleys Cheesesteaks

$1,000,000

11300 S Preston Hwy, Louisville, KY 40229

Active
Last Updated: 03/05/2026

8

Cap Rate

80,000

NOI

Details:
Cap Rate:    8%
NOI:    $80,000
Building Size:    3,603 sqft
Lot Area:    1.59 acres
Year Built:    1987
Zoning:    Commercial (C1 & C2)
Year Last Renovated:    2026
Description:

• Tenant recently signed a brand new 10-year lease with three (3) five-year
options to extend, demonstrating commitment to the site
• Lease provides 8% rental increases every five years throughout the base term and option periods
• Charleys Cheesesteaks + Wings operates 850+ locations worldwide and continues rapid U.S. expansion with ~$850K+ average unit volumes

• Positioned along Preston Highway (21,700 VPD)
• Excellent regional connectivity with convenient access to Interstate 65 (104,600 VPD) and Interstate 265 (88,400 VPD), supporting strong commuter exposure and easy access throughout the Louisville metro
• Strong retail synergy support consistent daily consumer traffic

Map:
Location
Gallery