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The Dixie Center | NNN Leases | Minimal Landlord Responsiblities | Recession-Resilient Tenants

3943 Dixie Hwy, Louisville, KY 40216

Listing Price: $1,350,000

Cap Rate
6.75%
Gross SF
6,500
Rentable SF
6,500
Price/Gross SF
$207.69
Lot Size
0.50 acres
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to present for sale The Dixie Center, a two-tenant, net-leased, 6,500-square foot retail property in Louisville, Kentucky. The Dixie Center was built in 1999 and has undergone recent renovations. Current ownership replaced the roof in 2014 which still has a warranty in place until 2024 and in 2019 the A/C units were replaced. The Dixie Center is 100 percent leased with an excellent mix of internet-resistant and recession resilient tenants. The Property has a long history of high occupancy. Advance America has been operating at this location since 1999 and has a lease in place until August 2024, Buddy’s Furnishings has been operating at this location since 2013 and recently extended their lease until July 2026; both showcasing long-term commitment to this location. The Dixie Center sits on 0.50 acres of prime real estate along Dixie Highway, one of Louisville’s main north and south corridors that experiences approximately connects outer suburbs directly into downtown Louisville. The Property also benefits from multiple points of ingress/egress as the Dixie Center sits in between Dixie Highway and 7th Street Road and benefits from combined traffic counts of approximately 32,000 vehicles-per-day and is also just blocks north of Interstate 264 which experiences approximately 91,000 vehicles-per-day. This offering provides an incoming buyer an investment with a diversified mix of internet-resistant and recession-resilient tenants that cater to the immediate neighborhood and surrounding businesses. The Dixie Center also operates under triple-net leases, significantly lowering landlord responsibilities and offering a passive income stream with virtually little to no management.

Investment Highlights

  • Historical Occupancy-Advance America Has Been Operating at this Location Since 1999 and Buddy's Furnishings Since 2013; Both of Which Are Internet-Resistant and Recession-Resilient Tenants
  • High Visibility Location-The Dixie Center is Located Along Dixie Highway, a Major North and South Thoroughfare that Leads Directly into Downtown Louisville
  • Recent Capital Expenditures-Current Ownership has Recently Replaced the A/C Units and Installed a New Roof in 2014 with a Warranty In Place Until 2024
  • Multiple Points of Ingress/Egress-The Dixie Center Sits in Between Dixie Hwy and 7th Street Road and Benefits From Combined Traffic Counts of Approximately 32,000 Vehicles-per-Day
  • Ideal 1031 Investment Opportunity-The Dixie Center Offers Minimal Landlord Responsibilities with Triple-Net Leases

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Shopping Strip

The Dixie Center | NNN Leases | Minimal Landlord Responsiblities | Recession-Resilient Tenants

Listing Price: $1,350,000

Cap Rate
6.75%
Gross SF
6,500
Rentable SF
6,500
Price/Gross SF
$207.69
Lot Size
0.50 acres
Year Built
1999

Investment Highlights

  • Historical Occupancy-Advance America Has Been Operating at this Location Since 1999 and Buddy's Furnishings Since 2013; Both of Which Are Internet-Resistant and Recession-Resilient Tenants
  • High Visibility Location-The Dixie Center is Located Along Dixie Highway, a Major North and South Thoroughfare that Leads Directly into Downtown Louisville
  • Recent Capital Expenditures-Current Ownership has Recently Replaced the A/C Units and Installed a New Roof in 2014 with a Warranty In Place Until 2024
  • Multiple Points of Ingress/Egress-The Dixie Center Sits in Between Dixie Hwy and 7th Street Road and Benefits From Combined Traffic Counts of Approximately 32,000 Vehicles-per-Day
  • Ideal 1031 Investment Opportunity-The Dixie Center Offers Minimal Landlord Responsibilities with Triple-Net Leases

Investment Overview

Marcus & Millichap is pleased to present for sale The Dixie Center, a two-tenant, net-leased, 6,500-square foot retail property in Louisville, Kentucky. The Dixie Center was built in 1999 and has undergone recent renovations. Current ownership replaced the roof in 2014 which still has a warranty in place until 2024 and in 2019 the A/C units were replaced. The Dixie Center is 100 percent leased with an excellent mix of internet-resistant and recession resilient tenants. The Property has a long history of high occupancy. Advance America has been operating at this location since 1999 and has a lease in place until August 2024, Buddy’s Furnishings has been operating at this location since 2013 and recently extended their lease until July 2026; both showcasing long-term commitment to this location. The Dixie Center sits on 0.50 acres of prime real estate along Dixie Highway, one of Louisville’s main north and south corridors that experiences approximately connects outer suburbs directly into downtown Louisville. The Property also benefits from multiple points of ingress/egress as the Dixie Center sits in between Dixie Highway and 7th Street Road and benefits from combined traffic counts of approximately 32,000 vehicles-per-day and is also just blocks north of Interstate 264 which experiences approximately 91,000 vehicles-per-day. This offering provides an incoming buyer an investment with a diversified mix of internet-resistant and recession-resilient tenants that cater to the immediate neighborhood and surrounding businesses. The Dixie Center also operates under triple-net leases, significantly lowering landlord responsibilities and offering a passive income stream with virtually little to no management.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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