6908 Dixie HwyLouisville, KY 40258

Property Details for 6908 Dixie Hwy

Year built

1981

Lot size

0.56 AC

Property size (Sq ft)

1,706 SF

Zone code

C1-COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

25111800400000

APU

25111800400000

Description

This exceptional investment opportunity presents a fee-simple ownership of a 1,706 square foot KFC restaurant situated on a 0.56-acre lot in Louisville, Kentucky. The property boasts a strong 6.20% cap rate and a current NOI of $68,424. The absolute NNN ground lease with a corporate guarantee from KFC, a subsidiary of Yum! Brands, ensures minimal landlord responsibilities. The lease, commencing September 30, 2016, has approximately 1.9 years remaining, followed by two five-year renewal options with annual rent bumps of 2.5% during the primary term and 3% during the options. The building, constructed in 1981 and renovated in 2020, is located at 6908 Dixie Highway, a high-traffic area with nearly 57,000 vehicles per day, surrounded by numerous national retailers including Walmart, Home Depot, and others. The property's zoning is commercial, and the ground lease expires November 29, 2026. This prime location and the financial strength of the tenant make this a compelling investment opportunity with significant upside potential. The asking price is $1,103,613, representing a price per square foot of $646.90. The property is currently 100% occupied.

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.1491

Longitude

-85.838

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].