2286 Bardstown Road

Louisville, KY 40205

Highlands Retail Center

Listing ID: 196683
$750,000
For Sale
  • Property Type Retail : Food Service
  • Lot Size Acres 0.100
  • Building Sq Ft 3,267
  • Building Price per Sq Ft $229.57
  • Land Sq Ft 4,356
  • Land Price per Sq Ft $172.18
  • NOI $53,518
  • CAP Rate % 7.14
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Description

Located in the coveted 2200 block of Bardstown Rd @ Woodbourne Ave, across the street from Papa John’s and a block from the Highlands Kroger, is this 3,267 ft.² retail center containing the popular Eat A Pita and Left Field Lounge tenants.

With an average daily traffic count of over 20,000 cars per day, there is an average median household income of over $60,000 per year with a population of around 23,000 within a 5 minute drive radius.

This submarket contains an annual restaurant and bar disposable income expenditure of over $115,000,000.

This submarket contains an annual soft goods and apparel disposable income expenditure of over $27,000,000.

PROPERTY FINANCIALS

Total Income (monthly rent $5,300) = $63,600 annual.

Expenses include:

- Property Tax = ~$4,700/ year

- State and City Taxes = ~$800/ year

- Encroachment bond for window awnings = $250/ year

- Property insurance - ~$3K/ year

- Waste Mgmt. - ~$1,332/ year

Total Expenses = $10,082

NOI = $53,518

Cap Rate 7.13%

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population15,724104,448256,411
Population Median Age414039
Population by Age0-9 Yrs1493 (9%)11116 (10%)28951 (11%)
10-19 Yrs2076 (13%)9452 (9%)28315 (11%)
20-29 Yrs2071 (13%)17014 (16%)44521 (17%)
30-39 Yrs2219 (14%)17154 (16%)37392 (14%)
40-49 Yrs1700 (10%)11812 (11%)29081 (11%)
50-59 Yrs2248 (14%)13916 (13%)33775 (13%)
60-69 Yrs2255 (14%)12835 (12%)29118 (11%)
70+ Yrs1662 (10%)11149 (10%)25258 (9%)
Median HH Income$81,306$56,618$48,741
Total Household Income< 24K924 (13%)9487 (20%)28872 (26%)
25-49K1135 (16%)11731 (24%)27650 (24%)
50-74K1098 (16%)8223 (17%)19034 (17%)
75-99K945 (13%)5690 (12%)11965 (10%)
100-199K1819 (26%)9277 (19%)17639 (15%)
200K+870 (12%)2994 (6%)5551 (5%)
Highest Education LevelNo Diploma239451116730
Diploma or GED10991436441056
Some College16891561739881
Assoc. Degree487501312809
Bachelors Degree37212086338286
Higher Degree39451674729572
Total Housing Units7,13251,726123,634
--Owner-Occupied5,00528,54657,790
--Renter-Occupied1,78618,85652,922
Owner-Occupied Values< 100K202375411787
100-199K8631082621987
200-299K1534695312460
300-399K127833905378
400-499K49715732409
500K+63120493769
Total Working Age Population13,44688,007212,044
In Work Force9,35361,217139,814
Not In Work Force4,09326,79072,229
Workforce Employed9,03258,598131,393
Workforce Unemployed3122,5108,294
Civlian Workforce9,34461,108139,687
Military Workforce9109127
Total Households6,79147,402110,712
Family Households3,64923,52155,108
Non-Family Households3,14223,88155,604
Married Couple3,05617,16636,614
Other Family5946,35518,494
Married w/Child1,1726,17212,796
Single Male w/Child517961,873
Single Female w/Child2222,2327,873

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Kentucky4,041,769+74,339,367+44,533,464+44,726,382
Jefferson County693,604+7741,096+7790,010+6837,477
Indiana6,080,485+76,483,802+46,738,573+47,014,880
Clark County96,472+14110,232+9119,944+8129,070

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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