1600 S Main St | London, KY 40741
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- LoopNet Team
1600 S Main St
London, KY 40741
Sonic - High Performing Store · Retail Property For Sale
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
1,417 SF
Building Class
B
Year Built/Renovated
2003/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.85 AC
Zoning
C1 - Commercial
Parking
17 Spaces (8.5 Spaces per 1,000 SF Leased)
Frontage
375’ on South Main Street
PROPERTY TAXES
| Parcel Number | 063-20-00-037.01 | Improvements Assessment | $1,515,000 |
| Land Assessment | $1,500,000 | Total Assessment | $3,015,000 |
PROPERTY TAXES
Parcel Number
063-20-00-037.01
Land Assessment
$1,500,000
Improvements Assessment
$1,515,000
Total Assessment
$3,015,000
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