4921 Outer Loop, Louisville, KY 40219

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 property is strategically positioned within a dominant retail corridor and is in close proximity to several major retail destinations, including Jefferson Mall (3.8 million annual visits), Festival at Jefferson Court (3.1 million annual visits), and Tymberwood Shopping Center (1.2 million annual visits). The asset is an outparcel to Jefferson Commons, an Academy Sports-anchored shopping center featuring national retailers including Michaels, ALDI, and Five Below, which attracts approximately 3.2 million annual visits. These surrounding retail destinations drive significant consumer traffic and promote cross-shopping activity at the subject property. The 5-mile trade area is supported by more than 182,900 residents and 86,800 employees with an average household income of $83,617.