Freestanding Conventional
For Sale
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4717 Dixie Highway, Louisville, KY 40216
Remodeled restaurant facility with NNN lease structure, renewal options, and a prominent position along Dixie Highway.
Property Size4,371 SF
Lot Size1.23 Acres
Days on Market144
Property Features for 4717 Dixie Highway
General Information
Standard status
Active
Size
4,371 SF
Lot size
1.23 Acres
Property subtype
Retail
Additional Details
Traffic Count
58,000 vehicles/day
Building Details
Year Renovated
2011
Listing Agency:
Matthews
(404) 868-4892
Listed By:
Sonny Molloy · License #249161
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 4:55AM
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 Matthews
Investment Insights
Based on property information with market context.
This freestanding Applebee’s restaurant occupies approximately 4,371 square feet on a 1.23-acre parcel. Interior and exterior improvements completed in 2011 included an upgraded brick and stone facade. The property is leased under an NNN structure, with approximately 9 years remaining in the initial term and four 5-year renewal options. Scheduled rent escalations are 8% in 2020 and during each renewal period, and the lease includes a franchisee guarantee from Green Apple, LLC, a subsidiary of Apple Gold Group.
The property is positioned along Dixie Highway in Louisville, Kentucky, where reported traffic exceeds 58,000 vehicles daily. The surrounding area includes Walmart, The Home Depot, Lowes, Kroger, Dillard’s, McDonald’s, Rite Aid, Staples, and Chick-fil-A. The 5-mile area includes an estimated 192,424 people and 77,498 households, while the 3-mile population is estimated at 92,077.
The property is positioned along Dixie Highway in Louisville, Kentucky, where reported traffic exceeds 58,000 vehicles daily. The surrounding area includes Walmart, The Home Depot, Lowes, Kroger, Dillard’s, McDonald’s, Rite Aid, Staples, and Chick-fil-A. The 5-mile area includes an estimated 192,424 people and 77,498 households, while the 3-mile population is estimated at 92,077.
Key Highlights
- 4,371 +/- square foot freestanding restaurant on a 1.23 +/- acre parcel
- NNN lease with 9 +/- years remaining and four (4), 5 year renewal options
- 8% rent escalation in 2020 and in all option periods
Property Analytics
Current Use
Lease Details
58,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
215k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 33%
Groceries 31%
Apparel 1%
Kroger
Groceries
66,638 visits/mo
0.5 miles
Thorntons
Shops & Services
23,818 visits/mo
0.3 miles
McDonald's
Dining
17,706 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
17,556 visits/mo
0.5 miles
Speedway
Shops & Services
15,564 visits/mo
0.0 miles
Demographics for 40216, KY
43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,766
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
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 - Remodeled restaurant facility with NNN lease structure, renewal options, and a prominent position along Dixie Highway.
Where is this conventional restaurant located?
The property is located at 4717 Dixie Highway Louisville, KY.
What are key features of this property?
This property features: 4,371 +/- square foot freestanding restaurant on a 1.23 +/- acre parcel; NNN lease with 9 +/- years remaining and four (4), 5 year renewal options; 8% rent escalation in 2020 and in all option periods
