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6900 Dixie Highway, Louisville, KY

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6900 Dixie Highway

Louisville, KY 40258-3916 - W Outlying Jefferson Cnty Submarket

Property Type:Retail Sub Type:Bank Status:Existing Year Built:2016
Building Size:4,974 SF Land Area:-
For Sale Price:$4,735,783 Price/SF:$952.11
Cap Rate:5.00 %
Features:Signalized Intersection, Drive Thru

Sale Notes:
Stan Johnson Company is pleased to present to qualified investors the opportunity to acquire a two-tenant property fully leased to Panera Bread and PNC Bank, located in Louisville, KY.

This fully-stabilized asset leverages an extremely appealing tenant mix and premier retail location within the Louisville MSA. Panera Bread has executed a new 10-year lease, while PNC Bank has executed a new 20-year lease. Both leases include rental increases every five years. Panera Bread features three (3), five (5) year options, and PNC Bank features four (4), five (5) year options. The NN lease structure requires the Tenant to pay for taxes, insurance and Common Area Maintenance expenses, while the Landlord is responsible for the roof, parking and structure. This attractive, high-quality new construction building measures 7,618 SF and is situated on a 1.57-acre outparcel to Home Depot.

The Property is located on Dixie Highway, a high trafficked retail corridor, with approximately 41,890 VPD. Other national tenants surrounding the property include Home Depot, Starbucks, Burger King, Lowe' s, and many more.

Stan Johnson Company
Anne M Perrault
(918) 494-2690

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