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4711 Dixie Hwy
Louisville, KY 40216
Zips Car Wash | Louisville, KY · Specialty Property For Sale
·
7,954 SF
Investment Highlights
- Leased to Zips Car Wash, a leading operator, with a hands-off absolute NNN lease with ±6.0 years remaining and a 2% annual rent escalation.
- Positioned on Dixie Highway (58,622 VPD) and less than 1 mile southwest of Interstate 264 (85,042 VPD), with immediate neighboring retail.
- The site currently exceeds percentage rent thresholds, and while not realized under the existing master lease, a future standalone lease is expected
- Within a 3-mile radius, there are 5.2 MSF of retail, 1.1 MSF of office, 9.0 MSF of industrial, and over 10,100 multifamily units.
Executive Summary
+ Leased to Zips Car Wash, one of the largest and fastest-growing express tunnel car wash operators in the United States, providing excellent brand recognition and operational
synergy.
+ Features a hands-off, absolute NNN lease with ±6.0 years of term remaining and zero landlord responsibilities, offering a secure stream of predictable income with an
inflation-resistant 2% annual rent escalation.
+ High-performing site with individual sales volumes that currently exceed the percentage rent threshold. While this additional revenue is not realized under the existing master
lease structure, its future separation into a standalone lease is expected to unlock significant percentage rent upside.
+ Located along Dixie Highway (58,622 VPD) and less than 1 mile southwest of Interstate 264 (85,042 VPD). Zips is immediately surrounded by Applebee’s Grill & Bar, Scooter’s
Coffee, Taco Bell, Bank of America, and Speedway.
+ Within a 3-mile radius, there are 5.2 MSF of retail, 1.1 MSF of office, 9.0 MSF of industrial, and 10,100+ multifamily units. The retail corridor is home to major national brands
including Kroger Marketplace, ALDI, Goodwill, Walgreens, AutoZone, Advance Auto Parts, McDonald’s, Zaxbys, Wendy’s, Panda Express, Dunkin’, and more.
synergy.
+ Features a hands-off, absolute NNN lease with ±6.0 years of term remaining and zero landlord responsibilities, offering a secure stream of predictable income with an
inflation-resistant 2% annual rent escalation.
+ High-performing site with individual sales volumes that currently exceed the percentage rent threshold. While this additional revenue is not realized under the existing master
lease structure, its future separation into a standalone lease is expected to unlock significant percentage rent upside.
+ Located along Dixie Highway (58,622 VPD) and less than 1 mile southwest of Interstate 264 (85,042 VPD). Zips is immediately surrounded by Applebee’s Grill & Bar, Scooter’s
Coffee, Taco Bell, Bank of America, and Speedway.
+ Within a 3-mile radius, there are 5.2 MSF of retail, 1.1 MSF of office, 9.0 MSF of industrial, and 10,100+ multifamily units. The retail corridor is home to major national brands
including Kroger Marketplace, ALDI, Goodwill, Walgreens, AutoZone, Advance Auto Parts, McDonald’s, Zaxbys, Wendy’s, Panda Express, Dunkin’, and more.
Property Facts
| Sale Type | Investment NNN | Lot Size | 2.67 AC |
| Cap Rate | 7% | Building Size | 7,954 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 2011 |
| Building Class | B |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 2.67 AC |
| Building Size | 7,954 SF |
| No. Stories | 1 |
| Year Built | 2011 |
Property Taxes
| Parcel Number | 102007090000 | Improvements Assessment | $5,476,190 |
| Land Assessment | $1,563,300 | Total Assessment | $7,039,490 |
Property Taxes
Parcel Number
102007090000
Land Assessment
$1,563,300
Improvements Assessment
$5,476,190
Total Assessment
$7,039,490
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