This Retail Property is no longer advertised on LoopNet.com.
1361 S Highway 27
Somerset, KY 42501
Sonic - High Performing Store · Retail Property For Sale
![1361 S Highway 27, Somerset, KY for sale - Primary Photo - Image 1 of 1](https://images1.loopnet.com/i2/uJ_N_Y2912gYERHEzvUomPUg4p8aK7a0ITAjVxYiAdQ/110/1361-S-Highway-27-Somerset-KY-Primary-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Absolute-Net (Zero Landlord Responsibilities): New 20 Year Lease with Attractive 1.5% Rental Increases Annually to Hedge Against Inflation.
- High Performing Store: Existing above National Average Store Sales with Continued Upside Through New Operator Ownership.
- Strong Existing Operating Entity: SOAR Restaurants II, LLC Operates 95 Units and Will Continue to Grow Over Time.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,518 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.61 AC
LINKS
PROPERTY TAXES
Parcel Number | 061-3-0-84 | Improvements Assessment | $2,500,000 |
Land Assessment | $500,000 | Total Assessment | $3,000,000 |
Listing ID: 25994490
Date on Market: 6/22/2022
Last Updated:
Address: 1361 S Highway 27, Somerset, KY 42501
The Retail Property at 1361 S Highway 27, Somerset, KY 42501 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.