- For Sale $12,212,000
- Property Type Retail
- Property Size 14,800 SF
- Lot Size 0.49 Acre
- Date Updated Apr 21, 2026
Description
Trophy Asset: A unique opportunity to acquire a fully leased multi-tenant retail
development occupied by highly desired national retailers.
Unparalleled Location: Brownsboro Station is located at the core of one of the most
affluent and rapidly growing suburbs of Louisville, KY. New developments in the
immediate area include new Publix (opening in August 2025) and Kroger (opened in
2024) grocery stores, phase II of the Norton Commons lifestyle community, and the
recently completed 55,000 SF UofL Health – Frazier Rehabilitation Hospital.
Excellent Visibility: The property has 500 feet of frontage along Brownsboro Road
(Hwy 22), which carries over 27,000 vehicles per day in front of the site. The site has
convenient access to the I-265 and I-75 interchange, a major connector between
Louisville/Jefferson County, Oldham County, Southern Indiana, and Cincinnati.
Trade Area: The Springhurst trade area in North-East Louisville is home to a multitude
of entertainment and shopping destinations, including The Paddock Shops, Old
Brownsboro Crossing, and the Norton Commons lifestyle community. Major retailers
and restaurants include Costco, Cabela’s, Lowes, Pottery Barn, Williams-Sonoma, Ulta
Beauty, Barnes & Noble, Waldo’s Chicken & Beer, Gustavo’s Mexican Grill, Drake’s,
Malone’s-Louisville, Stoney River Steakhouse and Grill, Martini Italian Bistro, and
Starbucks. Proposed Chick-Fil-A and 7 Brew planned at Hwy 22 and 1694 intersection.
Excellent Demographics: The area’s demographics are some of the strongest in
Kentucky with approximately 127,000 residents within five miles of the site and an
average household income of $146,700.
Long-term Credit Leases with Rent Escalations: Tenant leases commenced in 2024,
with 10-to-20-year primary terms, all with option periods and rental escalations. The
McDonald’s absolute net ground lease has a 20-year primary term, with a total of 8
option periods.
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Contacts
Hogan Real Estate
Hogan Real Estate