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8408 Preston Hwy - Whistle Express 5,296 SF Specialty Building Offered at $4,483,463 at a 6.25% Cap Rate in Louisville, KY 40219
Investment Highlights
- Long Term Absolute Triple Net (NNN) Lease
- Annual Rental Increases
- Accelerated and Bonus Depreciation
- Corporate Guarantee
Executive Summary
Surmount and Bang Realty are pleased to present the exclusive listing for a Whistle Express located at 8408 Preston Highway, Louisville, KY 40219. The site consists of roughly 5,296 rentable square feet of building space on an estimated 1.27-acre parcel of land. This Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 3/30/2021. The current annual rent is $280,216 and has scheduled increases of 1.50% annually.
Property Facts
| Price | $4,483,463 | Building Class | C |
| Price Per SF | $846.58 | Lot Size | 1.27 AC |
| Sale Type | Investment | Building Size | 5,296 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2006 |
| Property Subtype | Car Wash | ||
| Zoning | C | ||
| Price | $4,483,463 |
| Price Per SF | $846.58 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 5,296 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Zoning | C |
Amenities
- Signage
Property Taxes
| Parcel Number | 065100230000 | Improvements Assessment | $3,201,420 |
| Land Assessment | $1,242,280 | Total Assessment | $4,443,700 |
Property Taxes
Parcel Number
065100230000
Land Assessment
$1,242,280
Improvements Assessment
$3,201,420
Total Assessment
$4,443,700
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8408 Preston Hwy - Whistle Express
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