10405 Southpointe Blvd - Panera Bread Louisville
Retail-Commercial
for Sale
| Catylist Listing ID: |
30844543 |
| Property Subtypes: |
Restaurant
|
| Building Size (RSF): |
4,430 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,578,000 |
| Unit Price: |
$1,033 PSF |
| Is Quick-Service Restaurant? |
Yes |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Panera Bread |
| Sale Terms: |
Other |
| Cap Rate: |
4.25% |
| Last Updated: |
4/17/2024 |
Overview / Comments
|
We are pleased to offer a single tenant 4,430 SF corporate Panera Bread positioned on 1.13 acres in Louisville, KY. The 15 year Lease commenced on December 1, 2020 and expires on December 31, 2035 with 3 additional 5 year options to extend the Lease. The property is located on the high-profile intersection of I-265 (183K ADT) and Bardstown Rd (83K ADT) in Eastern Jefferson County (Louisville). The property has strong demographics with the population of 89,394 and an average household income of $79,369 within a 3-mile radius of the subject site. The Panera Bread is located at the signalized hard corner of Southpointe Commons, Louisville’s newest regional mixed-use development. Hy- Vee has planned a 150,000 SF grocery store and convenience store to anchor the development in its first Louisville location. This flagship offering provides an investor with a rare opportunity to acquire generational real estate at the gateway of a 50 acre, 363,000 SF lifestyle center.
|
Additional Details
| Nearest MSA: |
Louisville/Jefferson County |
| County: |
Jefferson |
| Tax ID/APN: |
005600030000 |
| Zoning: |
C-2 - Commercial District |
| Feet of Frontage: |
482 |
| Site Description: |
Single Tenant Panera Bread Lease
Term 15 Years
Lease Expiration:2035 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
4,430 SF |
| Property Condition: |
Excellent |
| Year Built: |
2020 |
| Zoning Description: |
Commercial |
| Part of Planned Development?: |
Yes |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
10,259 |
55,709 |
160,423 |
| Median Age: |
39.4 |
37.85 |
38.02 |
| Households: |
4,339 |
21,839 |
64,050 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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