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1224 Carter Ave
Ashland, KY 41101

BOB EVANS - ASHLAND, KY · Retail Property For Sale

Investment Highlights

  • Brand new 20-year Absolute NNN Lease with RARE 2% annual rental increases starting in the 5th lease year (May 1, 2027)!
  • Successfully open & operating for decades with a convenient Downtown/ infill location with high barriers to entry!
  • Traffic counts exceed 25,020 CPD!
  • Bob Evans Restaurants, LLC operates ±439 locations
  • Well-positioned on a large ±1-acre lot on Carter Ave, between 12th & 13th St (Hwy 60)
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 57,986 | Average Household Income (1-MI): $77,228

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
5,617 SF
Building Class
B
Year Built/Renovated
1987/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.32 AC
Zoning
C - Commercial
Frontage
357 FT on Carter Avenue

Amenities

  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030-15-13-001.00
Land Assessment
$405,000
Improvements Assessment
$2,065,796
Total Assessment
$2,470,796
  • Listing ID: 30949028

  • Date on Market: 2/13/2024

  • Last Updated:

  • Address: 1224 Carter Ave, Ashland, KY 41101

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