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Scooter's Coffee 4703 Dixie Hwy 660 SF Retail Building Louisville, KY 40216 $1,083,000 ($1,640.91/SF) 6.60% Cap Rate
Investment Highlights
- Personally Guaranteed Ground Lease | Options To Extend | Scheduled Rental Increases | Diversified Income Streams
- Dixie Manor | Dense Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Scooter’s franchisee personally guaranteed lease
• Approximately 5 years remaining with 4 (5-year) option periods to extend
• The Scooter’s lease features 10% rental increases every 5 years and at the beginning of each option period
• The property benefits from additional income from the billboard on the property and an easement agreement with the Zip’s Car Wash next door |contact listing agents for details
• Approximately 5 years remaining with 4 (5-year) option periods to extend
• The Scooter’s lease features 10% rental increases every 5 years and at the beginning of each option period
• The property benefits from additional income from the billboard on the property and an easement agreement with the Zip’s Car Wash next door |contact listing agents for details
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
660 SF
Building Class
B
Year Built
2021
Price
$1,083,000
Price Per SF
$1,640.91
Cap Rate
6.60%
NOI
$71,473
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.39 AC
Zoning
C2 - Commercial
Parking
4 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
130’ on Dixie Hwy
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 102005630000 | Improvements Assessment | $397,090 |
| Land Assessment | $367,750 | Total Assessment | $764,840 |
Property Taxes
Parcel Number
102005630000
Land Assessment
$367,750
Improvements Assessment
$397,090
Total Assessment
$764,840
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Scooter's Coffee | 4703 Dixie Hwy
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