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4860 Cane Run Rd
Louisville, KY 40216
Zips Car Wash | Louisville, KY · Specialty Property For Sale
·
4,453 SF
Investment Highlights
- Leased to Zips Car Wash, a prominent operator, with a hands-off absolute NNN lease with ±6.0 years remaining and a 2% annual rent escalation.
- Located close to Dollar Tree, Wellington Elementary, Farnsley Middle School, Walgreens, and multiple residential units.
- Located on Cane Run Road (36,800 VPD) and approximately 2.5 miles southwest of Interstate 264 (56,885 VPD).
- Within a 3-mile radius, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units, alongside numerous well-known retailers.
Executive Summary
+ Leased to Zips Car Wash, one of the largest and fastest-growing express tunnel car wash operators in the United States, providing excellent brand recognition and operational
synergy.
+ Features a hands-off, absolute NNN lease with ±6.0 years of term remaining and zero landlord responsibilities, offering a secure stream of predictable income with an
inflation-resistant 2% annual rent escalation.
+ Positioned along Cane Run Road (36,800 VPD) and roughly 2.5 miles southwest of Interstate 264 (56,885 VPD). Within feet of Dollar Tree, Wellington Elementary School
(418 students), Farnsley Middle School (973 students), Walgreens, Cane Run Station (152 units), and Lions Arms Apartments (56 units).
+ In total, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units within a 3-mile radius. Major retailers within the surrounding area include Roses
Discount Store, Citi Trends, Big O Tires, McDonald’s, KFC, Wendy’s, Dunkin’, Rally’s, Taco Bell, Waffle House, and more.
synergy.
+ Features a hands-off, absolute NNN lease with ±6.0 years of term remaining and zero landlord responsibilities, offering a secure stream of predictable income with an
inflation-resistant 2% annual rent escalation.
+ Positioned along Cane Run Road (36,800 VPD) and roughly 2.5 miles southwest of Interstate 264 (56,885 VPD). Within feet of Dollar Tree, Wellington Elementary School
(418 students), Farnsley Middle School (973 students), Walgreens, Cane Run Station (152 units), and Lions Arms Apartments (56 units).
+ In total, there are 3.9 MSF of retail, 11.9 MSF of industrial, and 6,045 multifamily units within a 3-mile radius. Major retailers within the surrounding area include Roses
Discount Store, Citi Trends, Big O Tires, McDonald’s, KFC, Wendy’s, Dunkin’, Rally’s, Taco Bell, Waffle House, and more.
Property Facts
| Sale Type | Investment NNN | Lot Size | 1.66 AC |
| Cap Rate | 7.75% | Building Size | 4,453 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 2020 |
| Building Class | B | Parking Ratio | 6.06/1,000 SF |
| Sale Type | Investment NNN |
| Cap Rate | 7.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.66 AC |
| Building Size | 4,453 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 6.06/1,000 SF |
Property Taxes
| Parcel Number | 101802960000 | Improvements Assessment | $4,428,294 CAD |
| Land Assessment | $909,382 CAD | Total Assessment | $5,337,677 CAD |
Property Taxes
Parcel Number
101802960000
Land Assessment
$909,382 CAD
Improvements Assessment
$4,428,294 CAD
Total Assessment
$5,337,677 CAD
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