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Chicago & Midwest  + Midwest  + Retail  |  January 26, 2026
Jasmine Kilman
By: Jasmine Kilman

SRS Real Estate Partners Completes Sale-Leaseback of KY Taco Bell

SRS Real Estate Partners has completed the sale-leaseback of a Taco Bell property located at 3459 Taylor Boulevard in Louisville, Kentucky.

Situated on 0.72 acres, the 3,250-square-foot, newly redeveloped property was completed in 2025 and is located near Churchill Downs. SRS Capital Markets Vice Presidents Sarah Shanks and Morgan Zant represented the seller, Southpaw, a Connecticut-based Taco Bell franchisee. The buyer was a California-based private investor.

The site was formerly a quick-service restaurant that had been vacant. In March 2025, Shanks and Zant sold the property to Southpaw, who redeveloped the site for its use. “Southpaw signed a new 20-year absolute triple net lease with the new ownership,” said Zant. “The buyer can enjoy a management-free investment that is ideal for passive investors seeking reliable income.”

The SRS team closed a total of nine Taco Bell properties to individual buyers totaling $18.66 million in Louisville and the Midwest in December 2025.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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