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3000 Breckenridge Ln - ZIPS Car Wash 3,600 SF Specialty Building Offered at $7,359,290 CAD at a 7% Cap Rate in Louisville, KY 40220
INVESTMENT HIGHLIGHTS
- Outstanding Retail Parcel
- Optimal Retail Synergy
- Convenient for Out-of-State Owners
- New Construction and a Leading Corporate Player
- Subject Property Photos Landlord Friendly NNN Lease
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale the fee simple interest in this ZIPS property located in Louisville, Kentucky (“The Property”). The Property consists of a 3,600-squarefoot freestanding retail building on a 1.43-acre parcel of land. The tenant is operating under an absolute NNN lease with zero landlord operating responsibilities and over ten years remaining. The lease features 1.5% rental escalations annually throughout the base term. Additionally, the lease apportions all land, improvements, and significant equipment to the landlord position, maximizing the available depreciation benefit. See Lease Abstract for details.
The Property is located in Louisville, the largest city in Kentucky, with a metropolitan population of 1.3 million. Located directly on Breckenridge Ln, the Property benefits from visibility to ± 28,000 vehicles per day. Across the street from the Property is a busy Kroger, creating ideal synergy between uses. Customers can efficiently accomplish two errands in one place. The Property also benefits from strong demographics with 100,557 within a 3 mile radius, earning an average household income of more than $100k per year. ZIPS Car Wash is a leading car wash brand, currently ranked 3rd largest in the US. ZIPS Car Wash has more than 270 locations across 24 states.
In Association With:
Brad Pepin
KY Lic. #246584
The Property is located in Louisville, the largest city in Kentucky, with a metropolitan population of 1.3 million. Located directly on Breckenridge Ln, the Property benefits from visibility to ± 28,000 vehicles per day. Across the street from the Property is a busy Kroger, creating ideal synergy between uses. Customers can efficiently accomplish two errands in one place. The Property also benefits from strong demographics with 100,557 within a 3 mile radius, earning an average household income of more than $100k per year. ZIPS Car Wash is a leading car wash brand, currently ranked 3rd largest in the US. ZIPS Car Wash has more than 270 locations across 24 states.
In Association With:
Brad Pepin
KY Lic. #246584
PROPERTY FACTS
| Price | $7,359,290 CAD | Building Class | B |
| Price Per SF | $2,044.25 CAD | Lot Size | 1.43 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2021 |
| Property Subtype | Car Wash | ||
| Zoning | C2 - Commercial | ||
| Price | $7,359,290 CAD |
| Price Per SF | $2,044.25 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.43 AC |
| Building Size | 3,600 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Zoning | C2 - Commercial |
AMENITIES
- Bus Line
- Signage
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PROPERTY TAXES
| Parcel Number | 003703050000 | Improvements Assessment | $4,694,397 CAD |
| Land Assessment | $2,081,225 CAD | Total Assessment | $6,775,622 CAD |
PROPERTY TAXES
Parcel Number
003703050000
Land Assessment
$2,081,225 CAD
Improvements Assessment
$4,694,397 CAD
Total Assessment
$6,775,622 CAD
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3000 Breckenridge Ln - ZIPS Car Wash
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