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Absolute NNN Lease Investment 1028 Bypass N

3,888 SF Retail Building Lawrenceburg, KY 40342 $1,900,000 ($489/SF) 7.08% Cap Rate

Restaurants Kentucky Lawrenceburg 1028 Bypass N, Lawrenceburg, KY 40342

Investment Highlights

  • NEW PRICE!
  • Former Bojangles with +/-7 years and 4 months guaranteed rent remaining (+/-$1,034,870); 1.25% annual rent increase
  • Existing lease and sublease expires 4/20/32
  • +/-3,886 SF freestanding restaurant with drive-thru situated on +/-1.32 AC; Outparcel to a Walmart anchored shopping center
  • Currently subleased to Sakura 16 Japanese Restaurant
  • Located +/-24 miles from Lexington and +/-53 miles from Louisville

Executive Summary

NAI Isaac is pleased to present an absolute NNN lease investment opportunity in Lawrenceburg. The property is located in front of Walmart adjacent to Burger King, Murphy USA and Little Caesars.

Attachments

1028_Bypass_N__Lawrenceburg

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,888 SF
Building Class
B
Year Built
2017
Price
$1,900,000
Price Per SF
$489
Cap Rate
7.08%
NOI
$134,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.32 AC
Zoning
B-1 - Commercial
Frontage
220 FT on Bypass North

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Drive Thru
  • Air Conditioning

Links

1 of 1

Nearby Major Retailers

Huddle House
WesBanco

PROPERTY TAXES

Parcel Number 49-61-07-003 Improvements Assessment $1,530,000
Land Assessment $250,000 Total Assessment $1,780,000

PROPERTY TAXES

Parcel Number
49-61-07-003
Land Assessment
$250,000
Improvements Assessment
$1,530,000
Total Assessment
$1,780,000
(859) 422-4403

Contacts

  • Listing ID: 32323504

  • Date on Market: 7/2/2024

  • Last Updated:

  • Address: 1028 Bypass N, Lawrenceburg, KY 40342

More public record information on 1028 Bypass N, Lawrenceburg, KY 40342

The Retail Property at 1028 Bypass N, Lawrenceburg, KY 40342 is currently available for sale. Contact NAI Isaac Commercial Properties for more information.

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Absolute NNN Lease Investment | 1028 Bypass N
(859) 422-4403 x

Absolute NNN Lease Investment | 1028 Bypass N

1/2

Bruce Isaac

(859) 422-4403

(859) 422-4403

Jim Kemper

(859) 806-4407

(859) 806-4407

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