7770 Dixie HwyLouisville, KY 40258

Property Details for 7770 Dixie Hwy

Lot size

0.61 AC

Property type

Retail properties

Property subtype

Auto shops

APN

25111201930000

APU

25111201930000

Description

This exceptional investment opportunity presents a brand-new, 1,609 square foot auto shop/storefront located at 7770 Dixie Hwy, Louisville, KY 40258. Built in 2023, this Class B property boasts a 100% occupancy rate with a 15-year absolute NNN lease commencing May 20, 2023, and expiring June 30, 2038. The tenant, Strickland Brothers, a rapidly expanding company with over 200 locations across 27 states, is backed by a corporate guarantee, mitigating risk. The property features excellent visibility and direct access from Dixie Highway, a high-traffic area with approximately 37,200 vehicles per day. The lease includes 10% rent bumps every five years, providing a strong hedge against inflation. The property sits on a 0.61-acre lot with seven parking spaces. The current Net Operating Income (NOI) is $131,700, yielding a 6.50% cap rate. The asking price is $2,026,000. This location benefits from proximity to major retailers, educational institutions (including Pleasure Ridge Park High School and Jefferson Community & Technical College), and Louisville International Airport. The property may be eligible for bonus/accelerated depreciation, offering potential tax advantages. Four, five-year lease options are available. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant growth potential.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1387

Longitude

-85.8432

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].