4703 Dixie Hwy - Fast Food FOR SALE


Louisville, KY 40216- Shively
$1,021,000 USD
502-442-7074
4703 Dixie Hwy, Louisville, KY for Sale
$1,021,000 USD
Fast Food - FOR SALE
1/9
null | 7% Cap Rate

4703 Dixie Hwy
Louisville, KY 40216
Shively


HIGHLIGHTS

  • Personally Guaranteed Ground Lease | Options To Extend | Scheduled Rental Increases | Diversified Income Streams
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Dixie Manor | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Scooter’s Coffee investment property located in Louisville, Kentucky. The tenant, Scooter’s Coffee has approximately 4.5 years of term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,021,000 USD

PRICE/SF

$1,547 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Scooter's Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C2

APN/PARCEL ID

102005630000

ASK ABOUT THIS PROPERTY

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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Morgan ZantSRS National Net LeaseMore Info
502-442-7074

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.