Home › NNN Properties For Sale › Kentucky › Jefferson County
20 NNN properties are observed for sale in Jefferson County, Kentucky across 16 tenants and 4 towns as of November 6, 2026, at a median asking cap rate of 6.41%, 9 basis points below the Kentucky median of 6.50%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, places each listing in its county from its mapped location, checks rated tenants against the investment grade threshold, and publishes the observations here: which tenants and towns carry the inventory, what it is asking, how Jefferson County prices against Kentucky and the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Jefferson County run from 4.75% to 8.25%, with the middle half of listings between 5.56% and 7.33%. Median asking price $3.04M (median $487 per SF). Average remaining lease term 12.5 years among 9 listings that state a term. 4 listings report a 2026 build year. 5 listings were first observed and 8 dropped off active tracking in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Jefferson County vs Kentucky and the National NNN Market
| Measure | Jefferson County | Kentucky | United States |
|---|---|---|---|
| Observed listings | 20 | 115 | 7,398 |
| Median asking cap rate | 6.41% | 6.50% | 6.35% |
| Middle half of asking cap rates | 5.56% to 7.33% | 6.00% to 7.50% | 5.70% to 7.15% |
| Median asking price | $3.04M | $1.85M | $2.77M |
| Average remaining lease term (listings stating a term) | 12.5 yrs | 9.9 yrs | 10.1 yrs |
| Listings with an investment grade rated tenant brand or parent company | 25% | 23% | 25% |
All three columns use the same listing rules. A county median reflects both location and which tenants are on the market, so compare any listing with its tenant’s cap rate range before reading a gap as a discount or a premium.
NNN Properties For Sale in Jefferson County: Latest Listings
Up to twenty-four single-tenant net lease properties in Jefferson County with published pricing, the newest from each tenant first. Below the table, the full listing browser carries every observed Jefferson County listing with tenant, town, cap rate, price and term filters. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Tenant | Town | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Arby's | Louisville | $2,000,000 | 5.77% | $115,500 | n/a | 1988 | Not stated | Get full property data |
| Whistle Express Car Wash | Louisville | $4,391,913 | 6.50% | $285,475 | n/a | 2006 | Not stated | Get full property data |
| Sunbelt Rentals | Louisville | $2,927,600 | 5.75% | $165,036 | n/a | 1985 | Not stated | Get full property data |
| Family Dollar | Louisville | $1,055,061 | 8.20% | $86,515 | n/a | 2005 | Not stated | Get full property data |
| Dutch Bros | Louisville | $3,019,000 | 5.50% | $166,000 | n/a | 2026 | Not stated | Get full property data |
| Dollar General | Shively | $550,000 | 7.87% | n/a | n/a | 1984 | Not stated | Get full property data |
| 7-Eleven | Louisville | $8,114,000 | 5.25% | $425,996 | n/a | 2026 | Absolute NNN | Get full property data |
| Qdoba | Louisville | $2,510,000 | 6.36% | $159,720 | 9.1 yrs | 2015 | Absolute NNN | Get full property data |
| Zips Car Wash | Louisville | $2,070,300 | 7.75% | $160,448 | 5.8 yrs | 2020 | Absolute NNN | Get full property data |
| PGA Tour Superstore | Louisville | $7,125,000 | 6.46% | $460,251 | n/a | 1999 | Not stated | Get full property data |
| Wawa | Louisville | $3,818,642 | 5.25% | $200,484 | 19.6 yrs | 2026 | Absolute NNN | Get full property data |
| Wendy's | Louisville | $2,705,635 | 5.75% | $155,574 | 12.6 yrs | 1983 | NNN | Get full property data |
| Walgreens | Louisville | $3,342,857 | 6.65% | $222,300 | 12.4 yrs | 2009 | Absolute NNN | Get full property data |
| Cerity Partners | Louisville | $18,127,853 | 7.50% | n/a | n/a | 2019 | Modified | Get full property data |
| Bank of America | Louisville | $3,474,000 | 4.75% | $165,000 | 15.0 yrs | 2024 | NNN | Get full property data |
| Wawa | Louisville | $4,636,000 | 5.40% | $250,327 | 19.9 yrs | 2026 | Absolute NNN | Get full property data |
| Walgreens | Lyndon | $6,787,879 | 8.25% | $560,000 | 5.3 yrs | 2001 | NNN | Get full property data |
| Walgreens | Louisville | $3,067,279 | 6.80% | $208,575 | 12.9 yrs | n/a | Absolute NNN | Get full property data |
Showing 18 of 20 observed Jefferson County listings: the newest from each tenant first, then each tenant’s next newest. Listings without a published asking price and cap rate are not shown here.
Market observations aggregated from publicly marketed offerings and broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the offering party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Jefferson County NNN Properties by Tenant
Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a profile covering credit rating status, cap rates and inventory.
| Tenant | Listings | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|
| Walgreens | 3 | 6.80% | 6.65% to 8.25% | $3.34M | Walgreens NNN for sale |
| Dollar General | 2 | n/a | 7.87% | $1.53M | Dollar General NNN for sale |
| Wawa | 2 | 5.33% | 5.25% to 5.40% | $4.23M | Wawa NNN for sale |
| 7-Eleven | 1 | n/a | 5.25% | $8.11M | 7-Eleven NNN for sale |
| Arby's | 1 | n/a | 5.77% | $2.00M | Arby's NNN for sale |
| Bank of America | 1 | n/a | 4.75% | $3.47M | Bank of America NNN for sale |
| Cerity Partners | 1 | n/a | 7.50% | $18.13M | |
| Dutch Bros | 1 | n/a | 5.50% | $3.02M | Dutch Bros NNN for sale |
| Family Dollar | 1 | n/a | 8.20% | $1.06M | Family Dollar NNN for sale |
| JPMorgan Chase | 1 | n/a | n/a | $1.70M | JPMorgan Chase NNN for sale |
| PGA Tour Superstore | 1 | n/a | 6.46% | $7.13M | |
| Qdoba | 1 | n/a | 6.36% | $2.51M | |
| Sunbelt Rentals | 1 | n/a | 5.75% | $2.93M | |
| Wendy's | 1 | n/a | 5.75% | $2.71M | Wendy's NNN for sale |
| Whistle Express Car Wash | 1 | n/a | 6.50% | $4.39M | |
| Zips Car Wash | 1 | n/a | 7.75% | $2.07M |
Tenants with the most Jefferson County listings observed (all 16).
Tenant Credit in Jefferson County
5 of 20 observed Jefferson County listings (25%) are leased to tenant brands whose own or parent company’s verified S&P, Moody’s or Fitch rating is investment grade (BBB‑ or Baa3 and above) in the Investment Grade ratings database, compared with 23% across Kentucky and 25% nationally. Brands not yet in the ratings database count as not rated, so the share is a floor. A franchised location may be leased to a franchisee rather than the rated company, so confirm the tenant and any guarantee in the lease. Ratings and outlooks by tenant are on the investment grade credit tenant ratings page.
Jefferson County NNN Properties by Town
The towns with the most observed Jefferson County listings are Louisville (17), then Lyndon, Prospect and Shively with 1 each. Tap any town in the table to filter the full listing browser to that town.
| Town | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Louisville | 17 | 6.07% | $4.41M |
| Lyndon | 1 | n/a | $6.79M |
| Prospect | 1 | n/a | $1.70M |
| Shively | 1 | n/a | $0.55M |
Towns as named in each listing (all 4).
Jefferson County Economy at a Glance
| Measure | Value | Period | Source |
|---|---|---|---|
| Resident population | 795,222 (+1.6% since 2020) | 2025 | FRED KYJEPOP, U.S. Census Bureau |
| Unemployment rate (not seasonally adjusted) | 4.6% | September 2026 | FRED KYJEURN, U.S. Bureau of Labor Statistics |
| Per capita personal income | $70,646 | 2024 | FRED PCPI21111, U.S. Bureau of Economic Analysis |
Latest published figures from FRED, Federal Reserve Bank of St. Louis, with the original publisher named. Each figure shows its own period and refreshes automatically when a new period is published.
NNN Properties in Counties Bordering Jefferson County
- Clark County, Indiana (5 listings; see the Indiana page)
- Floyd County, Indiana (3 listings; see the Indiana page)
- NNN properties for sale in Bullitt County, Kentucky (2 listings)
- NNN properties for sale in Hardin County, Kentucky (2 listings)
- Harrison County, Indiana (2 listings; see the Indiana page)
Counties that share a boundary with Jefferson County, including boundaries along rivers and inland lakes (not open Great Lakes waters), by observed listings with a confirmed county. Bordering counties with no observed listings are not shown, and counties without their own page yet are listed for reference.
How These Figures Are Calculated
Figures cover single-tenant net lease properties observed for sale in Jefferson County, Kentucky across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. Each listing is placed in its county from its mapped location using U.S. Census Bureau county boundaries and, where possible, confirmed against its street address through the Census Bureau geocoder or the county named in the listing; a listing whose county cannot be confirmed is left off this page but stays on the Kentucky page. A listing counts while it is actively marketed; listings marked under contract, pending, on hold or closed are excluded, as are listings priced under $150,000. Medians use published asking prices and published cap rates; listings without a published cap rate are left out of cap rate figures. These figures describe what sellers are asking, not closed sale prices, and an auction listing may show its starting bid as the asking price. The Kentucky and national comparisons use the same rules. Tenant credit uses verified ratings in the Investment Grade ratings database.
Frequently Asked Questions: NNN Properties For Sale in Jefferson County
How many NNN properties are for sale in Jefferson County, Kentucky?
As of November 6, 2026, 20 single-tenant net lease properties are observed for sale in Jefferson County across 16 tenants and 4 towns. The count updates automatically as listings are added and withdrawn.
What cap rates are Jefferson County NNN properties asking?
The median asking cap rate is 6.41%, with the middle half of listings between 5.56% and 7.33%. Asking cap rates describe what sellers are asking, not closed sale prices.
How does Jefferson County compare with the rest of Kentucky?
The Jefferson County median asking cap rate of 6.41% sits 9 basis points below the Kentucky median of 6.50%. A county median reflects both location and which tenants are on the market, so compare a listing with its tenant’s cap rate range before reading the gap as a discount or a premium.
Which tenants have the most Jefferson County NNN listings?
The tenants with the most observed listings are Walgreens (3), Dollar General (2) and Wawa (2).
Which towns in Jefferson County have the most NNN listings?
The towns with the most observed listings are Louisville (17), then Lyndon, Prospect and Shively with 1 each. Tap a town in the town table to filter the listing browser.
More NNN Markets
- NNN properties for sale in Kentucky, with Kentucky transfer and property tax notes
- All NNN properties for sale by tenant
- 1031 exchange rules and replacement property strategy
- What a cap rate is and how to read one
Buying With 1031 Exchange Proceeds?
Compare this inventory with all 7,398 NNN properties observed for sale nationally on the 1031 exchange properties page, sorted by price band, tenant credit, remaining lease term and state. Then check your 1031 exchange deadlines: 45 days to identify replacement property and 180 days to close, or your tax return due date (including extensions) if that comes first (IRC 1031(a)(3); Treas. Reg. 1.1031(k)-1(b)(2)). General information, not tax or legal advice.
