Midwest-based Investor Acquires Single-Tenant Chase Bank Ground Lease For $2.8M In Louisville
2943 Richland Avenue
$2,800,000
Building Size
—
Asset Type
Retail
Closing
Nov 3, 2026
About this deal
AI
A single-tenant Chase Bank ground lease located at 2943 Richland Avenue in Louisville, Kentucky has been sold for $2,800,000. The asset is categorized as a retail property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Sale Date: 11/03/2026
- Address: 2943 Richland Avenue
- Market: Louisville, KY
The transaction was facilitated by The Boulder Group, with representatives Randy Blankstein, Jimmy Goodman, and John Feeney involved in brokering the sale to a Midwest-based investor.
The retail sale at 2943 Richland Avenue in Louisville, Kentucky sold for $2.8M in 2026. 2943 Richland Avenue is classified as Retail on Traded. John Feeney, Jimmy Goodman, Randy Blankstein, The Boulder Group appear on the sale alongside The Boulder Group. This page is the Louisville, Kentucky file for the 2943 Richland Avenue retail sold: pricing, party profiles, and other closed retail comps from the same Louisville sit in the Market section below. Filter that Louisville retail set by closing date to see what else sold near 2943 Richland Avenue around 2026. Published consideration for 2943 Richland Avenue is $2.8M, dated 2026. Cite this Midwest-based Investor Acquires Single-Tenant Chase Bank Ground Lease For $2.8M In Louisville sale when underwriting similar retail product around Louisville, Kentucky.
On the Map
$2,800,000
Retail
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Players
Louisville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93