7770 Dixie Hwy Louisville, KY 40258-1473
Property profile & analytics
7770 Dixie Hwy, Louisville, KY 40258-1473
- Auto shops
- 0.61 lot acres
Property ID
US34-0573972
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strickland Brothers 10 Minute Oil Change / Auto Repair Shop
Property Details for 7770 Dixie Hwy
- Lot size
- 0.61 lot acres
- Property type
- Auto shops
- APN
- 25111201930000
- APU
- 25111201930000
Description
This exceptional investment opportunity presents a brand-new, 1,609 square foot auto shop/storefront located at 7770 Dixie Hwy, Louisville, KY 40258. Built in 2023, this Class B property boasts a 100% occupancy rate with a 15-year absolute NNN lease commencing May 20, 2023, and expiring June 30, 2038. The tenant, Strickland Brothers, a rapidly expanding company with over 200 locations across 27 states, is backed by a corporate guarantee, mitigating risk. The property features excellent visibility and direct access from Dixie Highway, a high-traffic area with approximately 37,200 vehicles per day. The lease includes 10% rent bumps every five years, providing a strong hedge against inflation. The property sits on a 0.61-acre lot with seven parking spaces. The current Net Operating Income (NOI) is $131,700, yielding a 6.50% cap rate. The asking price is $2,026,000. This location benefits from proximity to major retailers, educational institutions (including Pleasure Ridge Park High School and Jefferson Community & Technical College), and Louisville International Airport. The property may be eligible for bonus/accelerated depreciation, offering potential tax advantages. Four, five-year lease options are available. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant growth potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Louisville
- County
- Jefferson
- State
- Kentucky
- Longitude
- -85.8432
- Latitude
- 38.1387
- CBSA code
- 31140
- CBSA name
- LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,226
$420,000
$684,020
$1,104,020
-
$420,000
$684,020
$1,104,020
