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5110 Dixie Highway
Louisville, KY 40216
Asking Price
$1.65M
Cap Rate
6.2%
Asset Type
Bank Retail
Class
Class B
What's Special
Subject NNN Truist Ground Lease | Investment Grade Tenant | Low Price Point <ul><li>Truist Bank is a Top-10 Commercial Bank with an A- S&P Investment Grade Rating</li><li>6 Years Remaining on the Lease </li><li>Three 5-Year Renewal Options with Significant Rent Increases</li><li>Absolute Net Ground Lease on 1.21 Acres</li><li>Low Price Point/Cost Per Square Foot Amongst Net Leased Bank Investments</li><li>Attractive Building Constructed in 2006 with Five Drive Thru Lanes</li><li>Located on Louisville's Main Commercial Corridor, Adjacent to Walgreens and in Close
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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597
