3000 Breckenridge Ln - ZIPS Car Wash
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3000 Breckenridge Ln - ZIPS Car Wash
3,600 SF Speciality Building Offered at £4,125,077 at a 7% Net Initial Yield in Louisville, KY 40220
Investment Highlights
- Outstanding Retail Parcel
- Optimal Retail Synergy
- Convenient for Out-of-State Owners
- New Construction and a Leading Corporate Player
- Subject Property Photos Landlord Friendly NNN Lease
Executive Summary
Northmarq is pleased to offer for sale the fee simple interest in this ZIPS property located in Louisville, Kentucky (“The Property”). The Property consists of a 3,600-squarefoot freestanding retail building on a 1.43-acre parcel of land. The tenant is operating under an absolute NNN lease with zero landlord operating responsibilities and over ten years remaining. The lease features 1.5% rental escalations annually throughout the base term. Additionally, the lease apportions all land, improvements, and significant equipment to the landlord position, maximizing the available depreciation benefit. See Lease Abstract for details.
The Property is located in Louisville, the largest city in Kentucky, with a metropolitan population of 1.3 million. Located directly on Breckenridge Ln, the Property benefits from visibility to ± 28,000 vehicles per day. Across the street from the Property is a busy Kroger, creating ideal synergy between uses. Customers can efficiently accomplish two errands in one place. The Property also benefits from strong demographics with 100,557 within a 3 mile radius, earning an average household income of more than $100k per year. ZIPS Car Wash is a leading car wash brand, currently ranked 3rd largest in the US. ZIPS Car Wash has more than 270 locations across 24 states.
In Association With:
Brad Pepin
KY Lic. #246584
The Property is located in Louisville, the largest city in Kentucky, with a metropolitan population of 1.3 million. Located directly on Breckenridge Ln, the Property benefits from visibility to ± 28,000 vehicles per day. Across the street from the Property is a busy Kroger, creating ideal synergy between uses. Customers can efficiently accomplish two errands in one place. The Property also benefits from strong demographics with 100,557 within a 3 mile radius, earning an average household income of more than $100k per year. ZIPS Car Wash is a leading car wash brand, currently ranked 3rd largest in the US. ZIPS Car Wash has more than 270 locations across 24 states.
In Association With:
Brad Pepin
KY Lic. #246584
Property Facts
| Price | £4,125,077 | Building Class | B |
| Price Per SF | £1,146 | Lot Size | 1.43 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Net Initial Yield | 7% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2021 |
| Property Subtype | Car Wash |
| Price | £4,125,077 |
| Price Per SF | £1,146 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.43 AC |
| Building Size | 3,600 SF |
| Number of Floors | 1 |
| Year Built | 2021 |
Amenities
- Bus Route
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Walk Score ®
Very Walkable (72)
zoning
| Zoning Code | C2 (Commercial) |
| C2 (Commercial) |
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3000 Breckenridge Ln - ZIPS Car Wash
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