5346, 5352, 5362 Dixie Hwy Retail FOR SALE


Louisville, KY - Pleasure Ridge Park
$5,095,000 USD
502-454-4557
, Louisville, KY for Sale
$5,095,000 USD
Retail - FOR SALE
1/9
null | 6.58% Cap Rate

5346, 5352, 5362 Dixie Hwy
Louisville, KY
Pleasure Ridge Park


HIGHLIGHTS

  • Multi-Tenant Retail Investment located at 5346, 5352, 5362 Dixie Highway, Louisville, KY
  • Diversified Tenant Mix featuring Hardee’s, Mattress Firm, and Pier 17 Seafood (Umami Buffet)
  • National Credit Tenancy anchored by recognized brands Hardee’s and Mattress Firm
  • Drive-Thru Restaurant Pad enhancing traffic generation and tenant performance
  • Strong Visibility & Exposure along the highly trafficked Dixie Highway corridor with signalized entrance
  • Triple-Net (NNN) Lease Structure with minimal landlord responsibilities

OVERVIEW

TRIO Commercial Property Group is pleased to present the exclusive opportunity to acquire a three-property retail portfolio located along the high traffic Dixie Highway corridor in Louisville, Kentucky. The portfolio consists of a complementary mix of quick-service restaurant Hardee’s, national retail – Mattress Firm, and full-service restaurant tenancy – Umami Buffet. Strong National Tenant Presence The portfolio is anchored by Hardee’s and Mattress Firm, two nationally recognized tenants providing stable and credit-backed income. These tenants represent a significant portion of the portfolio’s revenue and enhance overall investment security. Diversified Income Stream Across Multiple Tenants The portfolio includes three distinct tenants across separate buildings, reducing reliance on any single tenant and providing income diversification across multiple retail uses. Long-Term Lease Profile The Hardee’s lease features approximately 12 years of remaining term, while Mattress Firm and Pier 17 provide stable occupancy with renewal options, creating a balanced and durable lease profile. High Traffic & Strong Visibility The properties benefit from excellent frontage and visibility along Dixie Highway, with traffic counts exceeding 50,000 vehicles per day, supporting strong tenant performance and long-term real estate value. Passive Investment Profile The portfolio is structured to provide passive ownership, with tenants responsible for taxes, operating expenses, and limited day-to-day maintenance under NNN or modified net lease structures. Below-Market Rents Provide Future Upside Select tenants, including the restaurant component, are operating at below-market rental levels, offering investors the ability to increase income through future leasing activity while maintaining current occupancy stability.

ASK ABOUT THIS PROPERTY

Michael TaborTRIO Commercial Property GroupMore Info
502-454-4557

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

Michael TaborTRIO Commercial Property GroupMore Info
502-454-4557

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