For Sale

Net Leased Retail Property with a 10.5% CAP

2119 Old Shepherdsville Rd | Louisville, KY 40218-2507, US

price$700,000
property typeCommercial Sale
year built1992

highlights

•Asking Price: $700,000
•10.5% Cap Rate
•5,287± SF across three buildings
•100% occupied by a long-term tenant
•Five-year lease with annual rent escalations
•Strong in-place cash flow from day one
•Recent capital improvements reduce future maintenance costs
•Excellent Louisville location with convenient access to major transportation corridors
•Ideal for investors seeking passive income and long-term appreciation

property
details

STATUSActive
SALE PRICE PER UNIT$700,000
YEAR BUILT1992
PROPERTY TYPECommercial Sale
BUILDING SIZE5,287 SF
LOT SIZE0.52 acres
CAP RATE10.48%
SALE PRICE$700,000
STORIES2
OCCUPANCY %100%
ZONINGC1
DAYS ON MARKET26

property
description

Exceptional opportunity to acquire a high-yield, income-producing commercial investment in one of Louisville's established commercial corridors. This offering includes three buildings totaling approximately 5, 287± square feet and is 100% leased to a strong multi-location day care operator under a five-year lease, providing immediate, predictable cash flow. With an 10.5% capitalization rate, this property offers investors an attractive return that significantly outperforms many comparable stabilized commercial assets. The lease includes scheduled annual rent increases, providing built-in NOI growth and long-term value appreciation while reducing future leasing risk. Strategically positioned near I-264, Bardston Road, Louisville Muhammad Ali International Airport, UPS Worldport, and major employment centers, the property benefits from excellent accessibility, strong surrounding demographics, and continued demand for commercial space in the area. Whether you're completing a 1031 Exchange, seeking to diversify your commercial portfolio, or looking for a stable, cash-flowing asset with immediate returns, this property presents an outstanding investment opportunity.

location
description

2119 Old Shepherdsville Rd | Louisville, KY 40218-2507, US

Located near I-264, Bardstown Road, Louisville Muhammad Ali International Airport, and UPS Worldport within a well-established Louisville commercial corridor.

Katie Renfro

Katie Renfro

KY #271918
(502) 345-3667

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