7773 Dixie Hwy - Zips Car Wash
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7773 Dixie Hwy - Zips Car Wash
3,222 SF Speciality Building Offered at £2,102,183 at a 7.65% Net Initial Yield in Louisville, KY 40258
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- 1.00% Rental Increases Occurring Annually
- Approximately 14 Years Remaining
- Atlantic Street Capital Recently Announced it has made an Additional $70 Million Investment to Further Support Zips Car Wash
Executive Summary
The NNN Pro Group is pleased to present the exclusive listing for the Zips Car Wash located at 7773 Dixie Highway, Louisville, KY 40258. The site will consist of roughly 3,222 rentable square feet of building space on estimated 0.86-acre parcel of land. The Zips Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 12/28/2018. The initial annual rent will be $205,530 and is scheduled to increase by 1.00% annually throughout the base term and continuing through 6, 5-Year Options.
Property Facts
| Price | £2,102,183 | Building Class | C |
| Price Per SF | £652 | Lot Size | 0.86 AC |
| Sale Type | Investment | Building Size | 3,222 SF |
| Net Initial Yield | 7.65% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2008 |
| Property Subtype | Car Wash |
| Price | £2,102,183 |
| Price Per SF | £652 |
| Sale Type | Investment |
| Net Initial Yield | 7.65% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 3,222 SF |
| Number of Floors | 1 |
| Year Built | 2008 |
PROPERTY TAXES
| Parcel Number | 104100100000 | Improvements Assessment | £1,910,617 |
| Land Assessment | £313,645 | Total Assessment | £2,224,262 |
PROPERTY TAXES
Parcel Number
104100100000
Land Assessment
£313,645
Improvements Assessment
£1,910,617
Total Assessment
£2,224,262
zoning
| Zoning Code | C-2 |
| C-2 |
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7773 Dixie Hwy - Zips Car Wash
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