Shepherds Crossing is a 51,338-square-foot retail center located in Shepherdsville, Kentucky, acquired by Apta Investment Group in December 2019. Anchored by a corporate-owned Kroger store and positioned just off I-65 in one of Bullitt County’s fastest-growing corridors, the property benefits from strong daily traffic, high visibility, and convenient access from both North Buckman Street and Preston Highway.
This is an Apta-originated investment, sourced and sponsored directly by Apta Investment Group as part of our grocery-anchored and community retail strategy. The property was 100% occupied at acquisition and has maintained full occupancy, supported by a tenant mix that serves the essential daily needs of a rapidly expanding residential and workforce community.
Shepherdsville is undergoing a significant economic transformation. The city has emerged as one of the Louisville metro area’s most active distribution and logistics hubs, attracting a surge of warehouse development and residential construction to accommodate a growing workforce. This structural demand growth creates a durable customer base for the retail corridor and supports the property’s long-term occupancy and income profile.
The investment thesis was grounded in necessity-based retail fundamentals: a grocery-anchored center with a corporate-owned anchor tenant, full occupancy, flexible multi-tenant configuration, and a surrounding market experiencing sustained population and employment growth.
