1825 S. Preston Hwy

Absolute Net Lease industrial outdoor storage (IOS) investment opportunity in Shepherdsville, KY. 

Property is leased to Insurance Auto Auctions of Tennessee, LLC, a subsidiary of IAA Holdings, LLC, which is owned by publicly traded RB Global Inc. (NYSE: RBA) formerly Richie Brothers Auctioneers. 

Lease term runs to October 31, 2028. Tenant has a 1-year extension option to October 31, 2029. November 2025-October 2026 NOI is $138,931 (5.79% cap rate), with 3.5% annual increases.  

Property is located in a growth corridor south of Louisville along I-65. This area has strong industrial demand from logistics tenants and IOS users alike, while industrial land is becoming more scarce and harder to obtain through rezoning. The General Industrial (IG) zoning of this property should bolster the value into the future beyond the lease term.   

Property is 14 miles south of Ford's Louisville Assembly Plant and 31 miles north of Ford/SK's BlueOval Battery Park in Glendale, Hardin County. Ford announced in August 2025 that it would invest $2 billion on building next generation electric vehicles at Louisville Assembly Plant and Ford is currently in construction on the $5.8 billion BlueOval Battery Park in Hardin County. 

Property is also 14 miles south of the Louisville Muhammad Ali International Airport, home to UPS WorldPort, the world's 5th largest cargo hub. 

Property is graded, graveled, and fenced. It contains a 3,500 +/- SF metal building and an office trailer. Unlike much of Bullitt County, this property sits out of the 1% Flood Zone AE.