Net-Leased | Starbucks & Jimmy John’s | Louisville, KY

Highlights:

• 100% Occupied by National Tenants
• o Starbucks (51% of GLA): Investment-grade (S&P: BBB+), corporate lease with no early termination clause and a dedicated drive-thru to enhance customer volume and drive sales. Four (4) five-year renewal options remain, each with 10% rent increases.
• o Jimmy John’s (49% of GLA): Operated by a strong 23-unit franchisee with a proven track record across multiple national brands including Qdoba and Dairy Queen.
• Proven Commitment to Site: Both tenants demonstrated long-term commitment by exercising early lease extensions to secure 10-year terms through 2027, rather than the scheduled 5 years terms, offering investors stable, predictable cash flow with minimal landlord obligations under NN lease structures.
• Premier Retail Corridor Location: Strategically positioned within one of Louisville’s most established retail corridors, the property is surrounded by leading national brands including Kroger, Lowe’s, ALDI, McDonald’s, and Panda Express, along with a diverse mix of regional and local tenants that drive consistent consumer traffic.
• Exceptional Access & Visibility: Located directly off the I-64 interchange (±103,900 VPD) with prominent frontage on South Hurstbourne Parkway (±43,600 VPD), the site offers outstanding visibility and seamless access in a high-traffic, Kroger-shadow-anchored center.
• Drive-Thru Equipped for High Performance: The property features a modernized drive-thru recently reconfigured by Starbucks to accommodate growing demand, enhancing tenant flexibility, consumer convenience, and long-term re-tenanting value.
• Strong Demographics & Retail Fundamentals: Situated in an affluent, densely populated trade area with over 120,000 residents with average household incomes exceeding $110,000 within a 3-mile radius, the asset benefits from a stable customer base, long-term retail viability, and high residual land value.

Description:

Nexus Commercial Advisors is proud to present an exceptional opportunity to acquire a fully stabilized, net-leased retail asset featuring two nationally recognized tenants—Starbucks and Jimmy John’s—in one of Louisville’s most desirable retail corridors.

Built in 2007 as a high-quality, build-to-suit development, this freestanding property consists of ~3,652 rentable square feet on approximately 0.8038 acres of prime commercial real estate. Strategically positioned at the high-visibility intersection of Hurstbourne Parkway (KY-1747) and Interstate 64 (±126,000 vehicles per day), the site benefits from exceptional exposure to over 43,600 vehicles per day along Hurstbourne Parkway alone.

Located within an affluent, densely populated trade area, the property serves a robust daytime population of 120,000+ within a 3-mile radius, with average household incomes exceeding $110,000—creating a strong consumer base and consistent foot traffic.

The property is also situated in a thriving retail hub, shadow-anchored by Kroger, and surrounded by top national brands including Panda Express, Barnes & Noble, ALDI, IHOP, McDonald's, Lowe’s, Thorntons, Carvana, and Malibu Jack’s, among others—making it a true destination within the market.

Investment Highlights

• 100% Occupied by National Tenants
o Starbucks (51% of GLA): Investment-grade (S&P: BBB+), corporate lease with no early termination clause and a dedicated drive-thru to enhance customer volume and drive sales. Four (4) five-year renewal options remain, each with 10% rent increases.

o Jimmy John’s (49% of GLA): Operated by a strong 23-unit franchisee with a proven track record across multiple national brands including Qdoba and Dairy Queen.

• Proven Commitment to Site
Both tenants demonstrated long-term commitment by exercising early lease extensions to secure 10-year terms through 2027, rather than the scheduled 5 years terms, offering investors stable, predictable cash flow with minimal landlord obligations under NN lease structures.

• Trophy Location in High-Traffic Corridor
Positioned along one of Louisville’s most heavily traveled thoroughfares and easily accessible from both the interstate and surrounding arterials, this location offers unmatched visibility and convenience.

• Strong Retail Fundamentals
Surrounded by an established consumer base, complementary retailers, and a dense mix of national tenants, this asset benefits from long-term viability and high residual land value.

This offering presents a rare chance to acquire a top-tier, low-maintenance retail investment in the heart of one of Louisville’s most dynamic and established retail corridors—anchored by strong tenants, proven performance, and enduring demand.

Located in one of Louisville’s most active and established commercial corridors, the area surrounding the property offers an exceptional environment for retail investment. Surrounded by established national brands such as Kroger, ALDI, McDonald's, Lowe’s, and Barnes & Noble, this location benefits from consistent consumer traffic and strong retail synergy. Positioned on Hurstbourne Parkway (±43,600 VPD) near the intersection of I-64 (±126,000 VPD)— one of the city’s busiest junctions—it provides unparalleled accessibility and visibility. The surrounding trade area is affluent and densely populated, with over 120,000 people within a 3-mile radius and average household incomes exceeding $110,000, creating a robust customer base ideal for sustained retail success.

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