4921 Outer Loop

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased QDOBA investment property located in Louisville, Kentucky. The tenant, North Fork Fresh Mex, LLC, recently exercised a renewal option early, demonstrating its commitment to the site and providing more than nine years of remaining lease term with two additional 5-year renewal options. The lease features 10% rental increases every five years throughout the remaining term and at the commencement of the remaining option periods, supporting NOI growth and providing a hedge against inflation. North Fork Fresh Mex, LLC is one of the largest franchisees in the QDOBA system, operating more than 105 locations nationwide. The lease is structured as absolute NNN with zero landlord responsibilities, making it an ideal management-free investment opportunity for a passive or out-of-state investor.

The tenant, North Fork Fresh Mex, LLC, recently exercised a renewal option early, providing more than nine years of remaining lease term and two additional 5-year renewal options, demonstrating a long-term commitment to the site while providing stable in-place income and future extension potential

10% rental increases every five years throughout the remaining term and at the commencement of the remaining option periods support NOI growth and provide a built-in hedge against inflation

North Fork Fresh Mex, LLC is one of the largest franchisees in the QDOBA system, operating more than 105 locations nationwide

Tenant responsible for taxes, insurance, and maintaining all aspects of the premises

No landlord responsibilities

Ideal, management-free investment for an out-of-state, passive investor

The property is situated within a prime retail node and is in close proximity to major retail destinations including Jefferson Mall (3.8 million annual visits), Festival at Jefferson Court (3.1M), and Tymberwood Shopping Center (1.2M)

Outparcel to Jefferson Commons, an Academy Sports-anchored shopping center featuring national retailers including Michaels, ALDI, Five Below, and others, which attracts approximately 3.2 million annual visits

The concentration of surrounding retail destinations drives consumer traffic throughout the area and promotes cross-shopping activity at the subject property

More than 182,900 residents and 86,800 employees support the trade area

$83,617 average household income

Traffic Counts

Outer Loop/State Highway 1065 16,400 VPD

State Highway 61 26,300 VPD

16,400 VPD 16,400 VPD

26,300 VPD 26,300 VPD

OUTER LOOP 16,400 VPD