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Scooter's Coffee 4703 Dixie Hwy 660 SF Retail Building Louisville, KY 40216 $1,395,809 CAD ($2,114.86 CAD/SF) 7% Cap Rate
Investment Highlights
- Personally Guaranteed Ground Lease | Options To Extend | Scheduled Rental Increases | Diversified Income Streams
- Dixie Manor | Dense Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Scooter’s Coffee investment property located in Louisville, Kentucky. The tenant, Scooter’s Coffee has approximately 4.5 years of term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
660 SF
Building Class
B
Year Built
2021
Price
$1,395,809 CAD
Price Per SF
$2,114.86 CAD
Cap Rate
7%
NOI
$97,711 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.39 AC
Zoning
C2 - Commercial
Parking
4 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
130’ on Dixie Hwy
Amenities
- Corner Lot
- Signalized Intersection
- Drive Thru
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 102005630000 | Improvements Assessment | $544,013 CAD |
| Land Assessment | $503,818 CAD | Total Assessment | $1,047,831 CAD |
Property Taxes
Parcel Number
102005630000
Land Assessment
$503,818 CAD
Improvements Assessment
$544,013 CAD
Total Assessment
$1,047,831 CAD
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Scooter's Coffee | 4703 Dixie Hwy
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