6908 Dixie Hwy - Fast Food FOR SALE


Louisville, KY 40258- Pleasure Ridge Park
$1,103,613 USD
502-329-5900
6908 Dixie Hwy, Louisville, KY for Sale
$1,103,613 USD
Fast Food - FOR SALE
1/3
null | 6.2% Cap Rate

6908 Dixie Hwy
Louisville, KY 40258
Pleasure Ridge Park


HIGHLIGHTS

  • Ground Lease | Absolute NNN | No Landlord Responsibilities
  • 2.5% Annual Rent Increases in Initial Term; 3% Annual Rent Increases During Option Terms
  • This Site Ranks in the Top 25% in Kentucky (Placer.ai: Visits/SF)
  • Incredible Traffic Exposure of 57K VPD | Multiple Points of Ingress/Egress

OVERVIEW

-- KFC Ground Lease - No Landlord Responsibilities -- Two Years Remaining on Absolute Net Ground Lease with Two Five-Year Options to Renew -- This Site Ranks in the Top 25% in Kentucky (Placer.ai: Visits/SF) -- Multi-Unit, Multi-State Franchisee Operator | Excellent Inflation Hedge: 2.5% Annual Rental Increases throughout Primary Lease Term and 3% Annual Increases Throughout Options -- Priced Well Below Replacement Cost: Low Price Point Restaurant with High Intrinsic Real Estate Value Due to Underlying Land and Landowner’s Reversion Rights for Updated Building -- Incredible Traffic Exposure: Located on Dixie Highway in a Dense Retail Corridor with Nearly 57,000 Vehicles per Day -- Site Offers Multiple Points of Ingress/Egress Allowing for Efficient Traffic Flow -- Surrounded by National Tenants Including Panera Bread, Starbucks, Chick fil-A, Walmart, Home Depot, Lowe’s, McDonald’s, Qdoba, Hobby Lobby, Toyota, Chevrolet, Hyundai, Among Many Others  -- KFC is the 2nd Largest Fast Food Restaurant Chain (Measured by Sales) with 24K+ Locations Globally -- KFC is Owned by Publicly Traded, Yum! Brands (NYSE: YUM) Who Operates 55,000 Restaurants in 155 Countries.  Yum! Brands has a TTM Revenue of $6.991 Billion and a Market Cap of $33.712 Billion.

FOR SALE DETAILS

PRICE

$1,103,613 USD

PRICE/SF

$647 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KFC Ground Lease | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

Commercial

APN/PARCEL ID

111800400000

ASK ABOUT THIS PROPERTY

Darby MolloyMarcus & MillichapMore Info
502-329-5900

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Darby MolloyMarcus & MillichapMore Info
502-329-5900

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