7770 Dixie Hwy - Retail FOR SALE


Louisville, KY 40258- Pleasure Ridge Park
$1,951,000 USD
949-506-2012
7770 Dixie Hwy, Louisville, KY for Sale
$1,951,000 USD
Retail - FOR SALE
1/9
null | 6.75% Cap Rate

7770 Dixie Hwy
Louisville, KY 40258
Pleasure Ridge Park


HIGHLIGHTS

  • Over 13 Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | Brand New Construction
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong, Growing Brand Presence | Bonus/Accelerated Depreciation
  • Dixie Highway (37,300 VPD) | Interstate 65 (155,100 VPD) |Jefferson Community College | Louisville International Airport | University of Lousiville
  • Dixie Manor Center (454,000 SF) | Park Place Mall (202,000 SF) | Primary Retail Corridor | Pleasure Ridge Park High School
  • Covid & E-commerce Resistant Tenant | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Strickland Brothers investment property located in Louisville, Kentucky. The tenant, Strickland’s Enterprises, LLC has over 13 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The tenant has a strong and growing local presence as Strickland Brothers currently has six other locations in the Louisville area.

FOR SALE DETAILS

PRICE

$1,951,000 USD

PRICE/SF

$1,213 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Strickland Bros | 13+yrs Corp Abs NNN

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

C-2

APN/PARCEL ID

251112019300

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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