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Restaurant

Logan's Roadhouse | Ground Lease

1540 Alliant Ave, Louisville, KY 40299

Listing Price: $1,900,000

Cap Rate
5.49%
Tenant Name
Logan's Roadhouse
Years Remaining On Lease
8.7
Gross SF
6,139
Guarantor
Corporate Guarantee
Rentable SF
6,139
Price/Gross SF
$309.50
Lease Type
Ground Lease
Rent Per Square Feet
$16.99

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Logan's Roadhouse in Louisville, Kentucky. The subject property is a 6,139-square-foot building and is situated on approximately 1.70 acres of land. Located in a dense retail and hotel corridor that includes Sam's Club, Extended Stay America, Hilton, Holiday Inn, La Quinta Inn & Suites, Hampton Inn, and Wingate. Logan's Roadhouse is subject to an original 20-year ground lease with three five-year renewal options. Logan's current annual rent is $104,280 with a 10 percent rent increase in March of 2026. Logan's has approximately nine years remaining on the lease, with an early termination right effective on February 28, 2025 with 120 days prior notice. Logan's Roadhouse Inc. was acquired in 2020 by SPB Hospitality. Headquartered in Houston, Texas, SPB Hospitality is a leading operator and franchisor of steakhouses, brewery and craft-beer focused on casual dining restaurants in the U.S., with hundreds of locations in 39 states and the District of Columbia.

Investment Highlights

  • Corporate Ground Lease | Zero Landlord Responsibilities
  • Located in Dense Retail, Office & Hotel Corridor on Alliant Ave, the Main Entrance Road for Sam's Club
  • Below-Market Rent | Replaceable Rent
  • Three Five-Year Renewal Options with a 34 Percent Rent Increase at First Renewal
  • 10 Percent Rent Increase in March 2026
  • Oversized 1.70-Acre Parcel
  • Three-Mile Population of 54,882
  • Tenant has Early Termination Right Effective on February 28, 2025 with 120 days Prior Notice

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Restaurant

Logan's Roadhouse | Ground Lease

Listing Price: $1,900,000

Cap Rate
5.49%
Tenant Name
Logan's Roadhouse
Years Remaining On Lease
8.7
Gross SF
6,139
Guarantor
Corporate Guarantee
Rentable SF
6,139
Price/Gross SF
$309.50
Lease Type
Ground Lease
Rent Per Square Feet
$16.99

Investment Highlights

  • Corporate Ground Lease | Zero Landlord Responsibilities
  • Located in Dense Retail, Office & Hotel Corridor on Alliant Ave, the Main Entrance Road for Sam's Club
  • Below-Market Rent | Replaceable Rent
  • Three Five-Year Renewal Options with a 34 Percent Rent Increase at First Renewal
  • 10 Percent Rent Increase in March 2026
  • Oversized 1.70-Acre Parcel
  • Three-Mile Population of 54,882
  • Tenant has Early Termination Right Effective on February 28, 2025 with 120 days Prior Notice

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Logan's Roadhouse in Louisville, Kentucky. The subject property is a 6,139-square-foot building and is situated on approximately 1.70 acres of land. Located in a dense retail and hotel corridor that includes Sam's Club, Extended Stay America, Hilton, Holiday Inn, La Quinta Inn & Suites, Hampton Inn, and Wingate. Logan's Roadhouse is subject to an original 20-year ground lease with three five-year renewal options. Logan's current annual rent is $104,280 with a 10 percent rent increase in March of 2026. Logan's has approximately nine years remaining on the lease, with an early termination right effective on February 28, 2025 with 120 days prior notice. Logan's Roadhouse Inc. was acquired in 2020 by SPB Hospitality. Headquartered in Houston, Texas, SPB Hospitality is a leading operator and franchisor of steakhouses, brewery and craft-beer focused on casual dining restaurants in the U.S., with hundreds of locations in 39 states and the District of Columbia.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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