7770 Dixie Highway

The property is located along Dixie Highway, which averages 37,300 vehicles passing by daily and is a major retail thoroughfare serving the city of Louisville. Additionally, the asset is positioned a few miles west of Interstate 65, a major north/south travelling thoroughfare averaging 155,100 vehicles passing by daily. 

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Strickland Brothers investment property located in Louisville, Kentucky. The tenant, Strickland’s Enterprises, LLC has over 13 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The tenant has a strong and growing local presence as Strickland Brothers currently has six other locations in the Louisville area.