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25513518
25513519

4703 Dixie Hwy, Louisville, KY 40216

SS
KY 271256
SRS Louisville
JE
KY 306153
SRS Real Estate Partners Louisville
MZ
MO 2024015589, KY License No. 273791 (+1)
SRS Louisville
Listed by SRS Louisville, SRS Real Estate Partners Louisville
$1,021,000
308 days on market
Updated 42 days ago

Scooter's Coffee

Details
APN 24102005630000
Property Type Retail
Sub Type QSR/Fast Food, Storefront
Square Footage 660
Cap Rate 7.00%
NOI $71,473
Tenancy Single
Brand/Tenant Scooter's Coffee
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 11/11/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options 4 (5-Year)
Class A
Year Built 2021
Acreage 0.390
Zoning C2: Commercial
Parking Spaces 4 spaces
Parking Per SqFt 6.06
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/12/2020
Ground Lease No
Ownership Leased Fee (Land Ownership)

Retail | 7.00% CAP | 660 SqFt

Marketing description

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.

Investment highlights

  • Personally Guaranteed Ground Lease | Options To Extend | Scheduled Rental Increases | Diversified Income Streams

  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities

  • Dixie Manor | Dense Retail Corridor

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

SS
KY 271256
SRS Louisville
JE
KY 306153
SRS Real Estate Partners Louisville
MZ
MO 2024015589, KY License No. 273791 (+1)
SRS Louisville
Listed by SRS Louisville, SRS Real Estate Partners Louisville

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,473.00
$5,956.08/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Sarah Shanks
License
271256
Name
Julianne Ellis
License
306153
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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