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Off Market
1/2

8408 Preston Hwy
Louisville, KY 40219


HIGHLIGHTS

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No La
  • Corporate Guarantee: The Lease is Subject to a Corporate Guarantee by International Car Wash Group Ltd. (UK) “ICWG” and the More Than 900 Locations
  • Accelerated Depreciation: This Property Qualifies for 15 Year Accelerated Depreciation
  • Dense Retail Corridor| Home Depot, Kroger, Best Buy, CVS, T.J. Maxx, Office Depot, Family Dollar, Dollar General, Red Lobster, Applebee’s Grill + Ba
  • The World’s Largest Car Wash Company: ICWG was Founded In 1965 and is Now the World’s Largest Car Wash Operator, Washing More Than 35 Million Cars E
  • In August 2015, ICWG entered the U.S. market and now operates more than 135 locations, making it the country’s second largest operator.

OVERVIEW

The subject Car Wash benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and academic institutions. Major national tenants in the area include Walmart, Home Depot, Kroger, Best Buy, CVS, T.J. Maxx, Office Depot, Family Dollar, Dollar General, Red Lobster, Applebee’s Grill + Bar, Long John Silver’s, McDonald’s, Taco Bell, as well as several others. This Car Wash benefits from being located 2 miles from Jefferson Mall. Jefferson Mall is anchored by Dillard’s and JCPenney with over 95 permanent stores in 990,452 sqft of lease spaced. The subject property is located just under 8 miles from the Louisville International Airport. The Louisville International Airport is the third-busiest airport in the United States in terms of cargo traffic and seventh-busiest in the world. Over 3.8 million passengers and over 5.7 billion pounds of cargo passed through the airport in 2018. The site is situated on Preston Highway, which has an average daily traffic count of 28,983 vehicles. Preston Highway intersects with Outer Loop which brings an additional 31,454 vehicles into the immediate area daily. There are approximately 58,649 individuals within a three-mile radius and 158,463 individuals within a five-mile radius. Louisville, Kentucky’s largest city, sits on the Ohio River along the Indiana Border. Louisville is the county seat of Jefferson County and has a metro population of roughly 1,284,848. Louisville, since its origin, has been heavily linked to the shipping and cargo industries, due to its location at the crossroads of three major interstate highways (I-64, I-65, and I-71). However, in the recent past, Louisville has expanded its economy across several industries, emerging as a major center for health care and medical sciences. It has been central to advancements in heart and hand surgery, as well as cancer treatment. In fact, some of the earliest artificial heart and hand transplants were conducted in Louisville. In addition to a growing economy, Louisville is home to a very diverse cultural scene that includes international cuisine, fine and performing arts, and music. Today, the city is known as the home of the Kentucky Derby, Kentucky Fried Chicken, the University of Louisville and its Louisville Cardinals athletic teams, Louisville Slugger baseball bats, and three of Kentucky’s six Fortune 500 companies. Its main airport, Louisville International Airport, is also the site of United Parcel Service’s (UPS) worldwide air hub

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

International Car Wash Group

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

4500

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

065100230000