Starbucks & Jimmy John's

Investment Overview

Nexus Commercial Advisors is proud to present an exceptional opportunity to acquire a fully stabilized, net-leased retail asset featuring two nationally recognized tenants—Starbucks and Jimmy John’s—in one of Louisville’s most desirable retail corridors. Built in 2007 as a high-quality, build-to-suit development, this freestanding property consists of ~3,652 rentable square feet on approximately 0.8038 acres of prime commercial real estate. Strategically positioned at the high-visibility intersection of Hurstbourne Parkway (KY-1747) and Interstate 64 (±134,000 vehicles per day), the site benefits from exceptional exposure to 58,722 vehicles per day along Hurstbourne Parkway alone. Located within an affluent, densely populated trade area, the property serves a robust daytime population of 115,000+ within a 3-mile radius, with average household incomes exceeding $119,000—creating a strong consumer base and consistent foot traffic. The property is also situated in a thriving retail hub, shadow-anchored by Kroger, and surrounded by top national brands including Panda Express, Barnes & Noble, ALDI, IHOP, McDonald's, Lowe’s, Thorntons, Carvana, and Malibu Jack’s, among others—making it a true destination within the market. Investment Highlights • 100% Occupied by National Tenants o Starbucks (51% of GLA): Investment-grade (S&P: BBB+), corporate lease with no early termination clause and a dedicated drive-thru to enhance customer volume and drive sales. Four (4) five-year renewal options remain, each with 10% rent increases. o Jimmy John’s (49% of GLA): Operated by a strong 29-unit franchisee with a proven track record across multiple national brands including Jimmy John’s, Qdoba, BWW and Dairy Queen. • Proven Commitment to Site Both tenants demonstrated long-term commitment by exercising early lease extensions to secure 10-year terms through 2027, rather than the scheduled 5 years terms, offering investors stable, predictable cash flow with minimal landlord obligations under NN lease structures. • Trophy Location in High-Traffic Corridor Positioned along one of Louisville’s most heavily traveled thoroughfares and easily accessible from both the interstate and surrounding arterials, this location offers unmatched visibility and convenience. • Strong Retail Fundamentals Surrounded by an established consumer base, complementary retailers, and a dense mix of national tenants, this asset benefits from long-term viability and high residual land value. This offering presents a rare chance to acquire a top-tier, low-maintenance retail investment in the heart of one of Louisville’s most dynamic and established retail corridors—anchored by strong tenants, proven performance, and enduring demand.

Investment Highlights

• 100% Occupied by National Tenants
• o Starbucks (51% of GLA): Investment-grade (S&P: BBB+), corporate lease with no early termination clause and a dedicated drive-thru to enhance customer volume and drive sales. Four (4) five-year renewal options remain, each with 10% rent increases.
• o Jimmy John’s (49% of GLA): Operated by a strong 29-unit franchisee with a proven track record across multiple national brands including Jimmy John’s, Qdoba, BWW and Dairy Queen.
• Proven Commitment to Site: Both tenants demonstrated long-term commitment by exercising early lease extensions to secure 10-year terms through 2027, rather than the scheduled 5 years terms, offering investors stable, predictable cash flow with minimal landlord obligations under NN lease structures.
• Premier Retail Corridor Location: Strategically positioned within one of Louisville’s most established retail corridors, the property is surrounded by leading national brands including Kroger, Lowe’s, ALDI, McDonald’s, and Panda Express, along with a diverse mix of regional and local tenants that drive consistent consumer traffic.
• Exceptional Access & Visibility: Located directly off the I-64 interchange (±134,189 VPD) with prominent frontage on South Hurstbourne Parkway (±58,722 VPD), the site offers outstanding visibility and seamless access in a high-traffic, Kroger-shadow-anchored center.
• Drive-Thru Equipped for High Performance: The property features a modernized drive-thru recently reconfigured by Starbucks to accommodate growing demand, enhancing tenant flexibility, consumer convenience, and long-term re-tenanting value.
• Strong Demographics & Retail Fundamentals: Situated in an affluent, densely populated trade area with a daytime population of over 115,000 people with average household incomes exceeding $119,000 within a 3-mile radius, the asset benefits from a stable customer base, long-term retail viability, and high residual land value.