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4860 Cane Run Rd - Zips Car Wash | Louisville, KY 4,000 SF Specialty Building Offered at $2,070,300 at a 7.75% Cap Rate in Louisville, KY 40216
Investment Highlights
- Leased to Zips Car Wash, a prominent operator, with a hands-off absolute NNN lease with ±6.0 years remaining and a 2% annual rent escalation.
- Located close to Dollar Tree, Wellington Elementary, Farnsley Middle School, Walgreens, and multiple residential units.
- Located on Cane Run Road (36,800 VPD) and approximately 2.5 miles southwest of Interstate 264 (56,885 VPD).
- Within a 3-mile radius, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units, alongside numerous well-known retailers.
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.
+ Positioned along Cane Run Road (36,800 VPD) and roughly 2.5 miles southwest of Interstate 264 (56,885 VPD). Within feet of Dollar Tree, Wellington Elementary School
(418 students), Farnsley Middle School (973 students), Walgreens, Cane Run Station (152 units), and Lions Arms Apartments (56 units).
+ In total, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units within a 3-mile radius. Major retailers within the surrounding area include Roses
Discount Store, Citi Trends, Big O Tires, McDonald’s, KFC, Wendy’s, Dunkin’, Rally’s, Taco Bell, Waffle House, 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.
+ Positioned along Cane Run Road (36,800 VPD) and roughly 2.5 miles southwest of Interstate 264 (56,885 VPD). Within feet of Dollar Tree, Wellington Elementary School
(418 students), Farnsley Middle School (973 students), Walgreens, Cane Run Station (152 units), and Lions Arms Apartments (56 units).
+ In total, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units within a 3-mile radius. Major retailers within the surrounding area include Roses
Discount Store, Citi Trends, Big O Tires, McDonald’s, KFC, Wendy’s, Dunkin’, Rally’s, Taco Bell, Waffle House, and more.
Property Facts
| Price | $2,070,300 | Building Class | B |
| Price Per SF | $464.92 | Lot Size | 1.66 AC |
| Sale Type | Investment NNN | Building Size | 4,453 SF |
| Cap Rate | 7.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2020 |
| Property Subtype | Car Wash | Parking Ratio | 6.06/1,000 SF |
| Price | $2,070,300 |
| Price Per SF | $464.92 |
| Sale Type | Investment NNN |
| Cap Rate | 7.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.66 AC |
| Building Size | 4,453 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 6.06/1,000 SF |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 101802960000 | Improvements Assessment | $3,116,520 |
| Land Assessment | $640,000 | Total Assessment | $3,756,520 |
Property Taxes
Parcel Number
101802960000
Land Assessment
$640,000
Improvements Assessment
$3,116,520
Total Assessment
$3,756,520
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