- For Sale $2,187,500
- Property Type Retail - Restaurant
- Property Size 7,630 SF
- Units 1
- Lot Size 0.21 Acre
- Property Tenancy Single Tenant
- Year Built 1961
- Year Renovated 2024
- Date Updated Mar 29, 2026
Description
Hard corner in gentrified, affluent suburb of Louisville, KY.This single-tenant NNN property is available at a below-market price of an 8 cap rate. The tenant-operator is an established restauranteur in the area and has agreed to execute a fresh 10 year lease at the sale closing.
Highlights
- $175,000 NOI
- Established Local Operator w/ Personal Guaranty
- Full Bar & Outdoor Patio
- Full Renovation in 2024
- New 10 Yr NNN Lease at Closing
- Offered at Below-Market 8 Cap Rate
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Contacts
Gregory Friend
Venture Realty
Location
Located at 1201 Payne Street, Louisville, KY 40204, this property is part of the Irish Hill neighborhood and Louisville market.
Contact Listing Broker
Gregory Friend
Venture Realty
