8602 Dixie Hwy - Fast Food FOR SALE


Louisville, KY 40258- Valley Station
$2,834,000 USD
502-442-7079
8602 Dixie Hwy, Louisville, KY for Sale
$2,834,000 USD
Fast Food - FOR SALE
1/8
null | 5.95% Cap Rate

8602 Dixie Hwy
Louisville, KY 40258
Valley Station


HIGHLIGHTS

  • +12 Years Remaining | Options To Extend | Scheduled 10% Rental Increases | Strong Franchisee
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Adjacent To Park Place Mall (1.6M Annual Visitors) | Dense Retail Corridor
  • Strong Dixie Highway (38,900 VPD) Frontage | Regional Connectivity
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Franchisee guaranteed lease with more than 12 years of primary lease term remain, ensuring secure long-term cash flow • The lease includes four (4) additional five-year renewal options and 10% rent increases every five years, providing steady NOI growth and a built-in hedge against inflation • The tenant, ABTB Louisville, LLC, is a proven franchisee with a strong operational track record and a portfolio of 44+ units under management

FOR SALE DETAILS

PRICE

$2,834,000 USD

PRICE/SF

$1,133 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell | 12+yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C1 & C2

APN/PARCEL ID

104805730000

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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