NNN Restaurant
For Sale
Contact for pricing
Pending
10101 Dixie Highway, Louisville, KY 40272
Captain D’s on a 0.81-acre site with an absolute NNN structure and a long-term 20-year lease.
Property SizeContact for details
Lot Size0.81 Acres
Days on Market149
Property Features for 10101 Dixie Highway
General Information
Standard status
Pending
Lot size
0.81 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
27,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.95%
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Benjamin Sullivan · License #IN RB16000227
Source:
Crexi
Added: Apr 10
Changed: Sep 2
Last Checked: Sep 3 at 3:54AM
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 Marcus & Millichap - Indianapolis
Investment Insights
Based on property information with market context.
Captain D’s is offered as an absolute NNN restaurant investment on a 0.81-acre parcel. The property is supported by a corporately guaranteed lease with a 20-year term and more than 7.5 years remaining, plus four additional five-year option periods. Rental increases are structured at 10% every five years throughout the base term and option periods.
The restaurant is located directly off Dixie Highway, one of Louisville’s busiest retail corridors, with daily traffic counts exceeding 27,000 vehicles per day. It is just off Interstate 265 and is surrounded by national retailers including Meijer, Walmart, Kroger, Walgreens, Applebee’s, Dollar Tree, McDonald’s, PNC Bank, Verizon Wireless, Cracker Barrel, and others.
The tenant is Captain D’s, with the brand operating more than 500 restaurants in 21 states. The remarks also cite 2016 development momentum, including 13 new locations opened and additional development agreements for further expansion.
The restaurant is located directly off Dixie Highway, one of Louisville’s busiest retail corridors, with daily traffic counts exceeding 27,000 vehicles per day. It is just off Interstate 265 and is surrounded by national retailers including Meijer, Walmart, Kroger, Walgreens, Applebee’s, Dollar Tree, McDonald’s, PNC Bank, Verizon Wireless, Cracker Barrel, and others.
The tenant is Captain D’s, with the brand operating more than 500 restaurants in 21 states. The remarks also cite 2016 development momentum, including 13 new locations opened and additional development agreements for further expansion.
Key Highlights
- Captain D’s in Louisville, KY on a 0.81‑acre parcel directly off Dixie Highway.
- Absolute NNN lease structure with a long‑term 20‑year lease and 7.5+ years remaining.
- Four additional five‑year option periods with 10% rental increases every five years.
Property Analytics
Property Profile
Current Use
Lease Details
27,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
366k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 22%
Shops & Services 21%
Dining 19%
Groceries 18%
Walmart
Superstores
79,013 visits/mo
0.5 miles
Meijer
Groceries
64,405 visits/mo
0.3 miles
McDonald's
Dining
31,850 visits/mo
0.5 miles
Ross Dress for Less
Apparel
31,306 visits/mo
0.4 miles
Marshalls
Apparel
31,027 visits/mo
0.4 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Captain D’s on a 0.81-acre site with an absolute NNN structure and a long-term 20-year lease.
Where is this conventional restaurant located?
The property is located at 10101 Dixie Highway Louisville, KY.
What are key features of this property?
This property features: Captain D’s in Louisville, KY on a 0.81‑acre parcel directly off Dixie Highway.; Absolute NNN lease structure with a long‑term 20‑year lease and 7.5+ years remaining.; Four additional five‑year option periods with 10% rental increases every five years.
