Main Street Auto | 376 Big Hill Ave
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Main Street Auto 376 Big Hill Ave
7,405 SF Retail Building Richmond, KY 40475 $2,928,571 ($395/SF) 7% Cap Rate
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Corporate Guarantee
- Attractive Rental Increases | The lease will feature 2.00% rental increases annually
Executive Summary
NNN Pro and Bang Realty are pleased to present the exclusive
listing for a Main Street Auto located at 376 Big Hill Ave,
Richmond, KY 40475. The site consists of roughly 7,405 rentable
square feet of building space on an estimated 0.61-acre parcel of
land. This Main Street Auto is subject to a 20-year Triple Net
(NNN) lease which will commence upon close of escrow. The
annual rent will be $205,000 and has scheduled increases of
2.00% Annually.
listing for a Main Street Auto located at 376 Big Hill Ave,
Richmond, KY 40475. The site consists of roughly 7,405 rentable
square feet of building space on an estimated 0.61-acre parcel of
land. This Main Street Auto is subject to a 20-year Triple Net
(NNN) lease which will commence upon close of escrow. The
annual rent will be $205,000 and has scheduled increases of
2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,405 SF
Year Built
1990
Price
$2,928,571
Price Per SF
$395
Cap Rate
7%
NOI
$205,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.61 AC
Parking
6 Spaces
Frontage
51 FT on Big Hill Avenue
Amenities
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R011-0001-0005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $330,000 |
PROPERTY TAXES
Parcel Number
R011-0001-0005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$330,000
Contacts
-
Glen Kunofsky -
Edward Otocka -
Francis Purritano -
Howie Curd -
Walker Stevens -
NNN Pro Group
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Main Street Auto | 376 Big Hill Ave
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