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33857131
33857144

4711 Dixie Highway, Shively, KY 40216

TC
GA 374849
CBRE Atlanta
BP
GA 349355
CBRE - Atlanta
CB
GA GA 248342
CBRE - Atlanta
CBRE Louisville
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE Louisville
$3,383,300
3 days on market
Updated 3 days ago

Zips Car Wash | Louisville, KY

Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 7,954
Cap Rate 7.00%
NOI $236,824
Occupancy 100%
Tenancy Single
Brand/Tenant Zips Car Wash
Lease Type Absolute NNN
Lease Term 7
Lease Expiration 05/31/2032
Remaining Term 5.9
Rent Bumps Yes
Lease Options Six, 5-year
Year Built 2010
Buildings 1
Acreage 2.670
Parking Spaces 40 spaces
Parking Per SqFt 5.03
Lease Commencement 05/02/2025
Ground Lease No

±6.0-Year Absolute NNN Zips Car Wash | Louisville, KY

Investment highlights

+ 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.

+ High-performing site with individual sales volumes that currently exceed the percentage rent threshold. While this additional revenue is not realized under the existing master lease structure, its future separation into a standalone lease is expected to unlock significant percentage rent upside.

+ Located along Dixie Highway (58,622 VPD) and less than 1 mile southwest of Interstate 264 (85,042 VPD). Zips is immediately surrounded by Applebee’s Grill & Bar, Scooter’s Coffee, Taco Bell, Bank of America, and Speedway.

+ Within a 3-mile radius, there are 5.2 MSF of retail, 1.1 MSF of office, 9.0 MSF of industrial, and 10,100+ multifamily units. The retail corridor is home to major national brands including Kroger Marketplace, ALDI, Goodwill, Walgreens, AutoZone, Advance Auto Parts, McDonald’s, Zaxbys, Wendy’s, Panda Express, Dunkin’, and more.

Listing Contacts

TC
GA 374849
CBRE Atlanta
BP
GA 349355
CBRE - Atlanta
CB
GA GA 248342
CBRE - Atlanta
CBRE Louisville
Listed by CBRE Atlanta, CBRE - Atlanta, CBRE Louisville

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$236,824.00
$19,735.33/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

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C2 CommercialGeneral CommercialCommercial District
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Last updated Apr 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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