4860 Cane Run Rd - Car Washes FOR SALE


Louisville, KY 40216- St Dennis
$2,070,300 USD
703-477-1315
4860 Cane Run Rd, Louisville, KY for Sale
$2,070,300 USD
Car Washes - FOR SALE
1/20
null | 7.75% Cap Rate

4860 Cane Run Rd
Louisville, KY 40216
St Dennis


HIGHLIGHTS

  • Leased to Zips Car Wash, a prominent operator, with a hands-off absolute NNN lease with ±6.0 years remaining and a 2% annual rent escalation.
  • Located on Cane Run Road (36,800 VPD) and approximately 2.5 miles southwest of Interstate 264 (56,885 VPD).
  • Located close to Dollar Tree, Wellington Elementary, Farnsley Middle School, Walgreens, and multiple residential units.
  • Within a 3-mile radius, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units, alongside numerous well-known retailers.

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. + Positioned along Cane Run Road (36,800 VPD) and roughly 2.5 miles southwest of Interstate 264 (56,885 VPD). Within feet of Dollar Tree, Wellington Elementary School (418 students), Farnsley Middle School (973 students), Walgreens, Cane Run Station (152 units), and Lions Arms Apartments (56 units). + In total, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units within a 3-mile radius. Major retailers within the surrounding area include Roses Discount Store, Citi Trends, Big O Tires, McDonald’s, KFC, Wendy’s, Dunkin’, Rally’s, Taco Bell, Waffle House, and more.

FOR SALE DETAILS

PRICE

$2,070,300 USD

PRICE/SF

$518 USD /SF

CAP RATE

7.75%

% 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

2020

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

-

APN/PARCEL ID

101802960000

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.