8408 Preston Hwy - Car Washes FOR SALE


Louisville, KY 40219- Okolona
$4,483,463 USD
332-345-4206
8408 Preston Hwy, Louisville, KY for Sale
$4,483,463 USD
Car Washes - FOR SALE
1/3
null | 6.25% Cap Rate

8408 Preston Hwy
Louisville, KY 40219
Okolona


HIGHLIGHTS

  • Long Term Absolute Triple Net (NNN) Lease
  • Accelerated and Bonus Depreciation
  • Annual Rental Increases
  • Corporate Guarantee

OVERVIEW

Surmount and Bang Realty are pleased to present the exclusive listing for a Whistle Express located at 8408 Preston Highway, Louisville, KY 40219. The site consists of roughly 5,296 rentable square feet of building space on an estimated 1.27-acre parcel of land. This Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 3/30/2021. The current annual rent is $280,216 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$4,483,463 USD

PRICE/SF

$996 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C

APN/PARCEL ID

065100230000

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

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Russell WachtlerSurmountMore Info
332-345-4206

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