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3912 Dixie Hwy 9,180 SF Retail Building Elsmere, KY 41018 $1,754,143 ($191.08/SF) 8.45% Cap Rate
Investment Highlights
- Corporate lease signed by Family Dollar Stores of Kentucky, LTD — 7,100+ locations nationwide.
- 10% rental increases in each of the Six, 5-year options to hedge against inflation.
- Adjacent to CVG Airport, one of the fastest-growing cargo and logistics hubs in North America.
- Absolute NNN lease with zero landlord responsibilities — 100% passive income.
- Essential retail anchor serving secondary and tertiary markets — less e-commerce risk.
- Located at Dixie Hwy & McAlpin Ave — minutes from I-75 and I-275 with ±43,000 VPD.
Executive Summary
Kyle Matthews
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 221925, 239410 (KY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,180 SF
Building Class
C
Year Built
2014
Price
$1,754,143
Price Per SF
$191.08
Cap Rate
8.45%
NOI
$148,225
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.18 AC
Parking
37 Spaces (4.03 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $482,000 | |
| Land Assessment | $359,500 | Total Assessment | $841,500 |
Property Taxes
Parcel Numbers
Land Assessment
$359,500
Improvements Assessment
$482,000
Total Assessment
$841,500
Contacts
-
Nathan Fitzgibbons -
Keegan Mulcahy -
Cade Norland -
Matthews Real Estate Investment Services
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