4711 Dixie Hwy - Car Washes FOR SALE


Louisville, KY 40216- Shively
$3,383,300 USD
703-477-1315
4711 Dixie Hwy, Louisville, KY for Sale
$3,383,300 USD
Car Washes - FOR SALE
1/28
null | 7% Cap Rate

4711 Dixie Hwy
Louisville, KY 40216
Shively


HIGHLIGHTS

  • Leased to Zips Car Wash, a leading operator, with a hands-off absolute NNN lease with ±6.0 years remaining and a 2% annual rent escalation.
  • The site currently exceeds percentage rent thresholds, and while not realized under the existing master lease, a future standalone lease is expected
  • Positioned on Dixie Highway (58,622 VPD) and less than 1 mile southwest of Interstate 264 (85,042 VPD), with immediate neighboring retail.
  • Within a 3-mile radius, there are 5.2 MSF of retail, 1.1 MSF of office, 9.0 MSF of industrial, and over 10,100 multifamily units.

OVERVIEW

+ Leased to Zips Car Wash, one of the largest and fastest-growing express tunnel car wash operators in the United States, providing excellent brand recognition and operational synergy. + Features a hands-off, absolute NNN lease with ±6.0 years of term remaining and zero landlord responsibilities, offering a secure stream of predictable income with an inflation-resistant 2% annual rent escalation. + High-performing site with individual sales volumes that currently exceed the percentage rent threshold. While this additional revenue is not realized under the existing master lease structure, its future separation into a standalone lease is expected to unlock significant percentage rent upside. + Located along Dixie Highway (58,622 VPD) and less than 1 mile southwest of Interstate 264 (85,042 VPD). Zips is immediately surrounded by Applebee’s Grill & Bar, Scooter’s Coffee, Taco Bell, Bank of America, and Speedway. + Within a 3-mile radius, there are 5.2 MSF of retail, 1.1 MSF of office, 9.0 MSF of industrial, and 10,100+ multifamily units. The retail corridor is home to major national brands including Kroger Marketplace, ALDI, Goodwill, Walgreens, AutoZone, Advance Auto Parts, McDonald’s, Zaxbys, Wendy’s, Panda Express, Dunkin’, and more.

FOR SALE DETAILS

PRICE

$3,383,300 USD

PRICE/SF

$425 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zips Car Wash | Louisville, KY

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.67 AC

LAND SF

116,305 SF

ZONING

-

APN/PARCEL ID

102007090000

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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