3131 Poplar Level Road

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased Panera Bread property located in Louisville, Kentucky.

Panera has successfully operated at this location since 2006 and extended the lease in 2018, demonstrating their long-term commitment to

the site. The current lease extends through December 2031 and includes two five-year renewal options, each with a 10% rental escalation.

Additionally, Panera will be performing a refresh on the building in the coming months.

The 4,250-square-foot Panera is strategically positioned along Poplar Level Road, a major Louisville thoroughfare with traffic counts

exceeding 30,700 vehicles per day. The property is within walking distance of Norton Audubon Hospital, further enhancing daytime

population and demand. Nearby demand drivers include Bellarmine University (2,800 students), Saint Xavier High School (1,300+ students),

Audubon Country Club, and the Louisville International Airport. The area is home to over 265,000 residents within a five-mile radius, with an

average household income exceeding $97,000 within one mile. National retailers in the immediate vicinity include CVS, McDonald’s, Chili’s,

Taco Bell, Dairy Queen, Strickland Brothers, and more.