NNN Retail
For Sale
$3,430,786
10627 Dixie Hwy, Louisville, KY 40272
The 10,003-square-foot property is fully leased under NNN agreements and sits beside a Kroger store and fuel center.
Property Size10,003 SF
Lot Size1.76 Acres
Price / SF$342.98
Days on Market8
Property Features for 10627 Dixie Hwy
General Information
Standard status
Active
Size
10,003 SF
Lot size
1.76 Acres
Property subtype
Investment
Zoning
C2
Occupancy
100%
Additional Details
Tenant in Place
Yes
Building Details
Year Built
2008
Tenancy
Multi
Listing Agency:
Compass Capital Management
Listed By:
Kyle Jameson · License #276449
(859) 333-1129
Source:
Kcrea.resimplifi
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 26 at 2:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Capital Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,003-square-foot retail property occupies approximately 1.76 acres and was built in 2008. All spaces are leased under NNN agreements, with tenants reimbursing their pro rata shares of CAM, taxes and insurance. Two occupants have operated at the property since 2009. Papa John's, KORT and Clarkson Eyecare extended their leases in 2024; OneMain signed a five-year extension in February 2026, with its lease running through August 2031.
Located in southwest Louisville, the offering includes Parcel II beside the Kroger store and fuel center; Kroger is not part of the sale. The parking lot overlay work and building painting were completed in 2026. The property is zoned C2.
Located in southwest Louisville, the offering includes Parcel II beside the Kroger store and fuel center; Kroger is not part of the sale. The parking lot overlay work and building painting were completed in 2026. The property is zoned C2.
Key Highlights
- 10,003 SF on approximately 1.76 acres
- Fully leased retail property with NNN agreements
- Parcel II adjoins a Kroger store and fuel center; Kroger is excluded from the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,325
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,306,500
$2.3M
Cap Rate 7%
$1,647,500
$1.6M
Cap Rate 9%
$1,281,389
$1.3M
Market Conditions
NOI Build-Up for 10,003 SF
Gross rent
$180.1K $18.00/SF
− Vacancy
−$15.3K −$1.53/SF
EGI
$164.7K $16.47/SF
− OpEx
−$49.4K −$4.94/SF
NOI
$115.3K $11.53/SF
Area
Louisville, KY
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,306,500
Cap Rate 7%
$1,647,500
Cap Rate 9%
$1,281,389
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,325 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,494 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
483k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 18%
Superstores 16%
Apparel 13%
Walmart
Superstores
79,013 visits/mo
0.2 miles
Kroger
Groceries
42,882 visits/mo
0.1 miles
McDonald's
Dining
31,850 visits/mo
0.3 miles
Ross Dress for Less
Apparel
31,306 visits/mo
0.3 miles
Marshalls
Apparel
31,027 visits/mo
0.3 miles
Demographics for 40272, KY
37,747
Population
15,469
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
90%
High-School Grad
33.3 sq mi
ZIP Area
1,134
Density / Sq Mi
$66,382
Median Household Income
$37,644
Median Earnings
$1,147
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Frequently Asked Questions
What type of property is this?
NNN property - The 10,003-square-foot property is fully leased under NNN agreements and sits beside a Kroger store and fuel center.
Where is this nnn property located?
The property is located at 10627 Dixie Hwy Louisville, KY.
What is the asking price?
The asking price for this property is $3,430,786.
What are key features of this property?
This property features: 10,003 SF on approximately 1.76 acres; Fully leased retail property with NNN agreements; Parcel II adjoins a Kroger store and fuel center; Kroger is excluded from the sale
