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5110 Dixie Hwy
Louisville, KY 40216
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,995 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.18 AC
Zoning
C - Commercial
Parking
35 Spaces (8.76 Spaces per 1,000 SF Leased)
Frontage
183’ on Dixie Hwy
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Drive Thru
About 5110 DIXIE HWY , LOUISVILLE, KY 40216
This Investment is a 1.21 acres leased to BB&T 3,995 square Bank Branch on a 20 year ground Lease. The initial annual rent of $79,000 increases by 10% every five years and currently NOI is at $92,580 Next 10% increase will be in 2021 & 2026. The lease is absolute net with tenant responsible for all taxes, insurance, and maintenance including roof, walls and foundation. There are four 5-year renewal options 4 Drive-Trough Lanes 11/2006 Construction. Built on the same lot of the old branch, been in the same location for over 30 years.
Property Taxes
| Parcel Number | 25102606180000 | Improvements Assessment | $626,780 |
| Land Assessment | $770,660 | Total Assessment | $1,397,440 |
Property Taxes
Parcel Number
25102606180000
Land Assessment
$770,660
Improvements Assessment
$626,780
Total Assessment
$1,397,440
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