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615 N Mayo Trl
Paintsville, KY 41240
KFC · Retail Property For Sale
PROPERTY FACTS
About 615 N Mayo Trl , Paintsville, KY 41240
Purchase Price: $1,047,300 CAP Rate: 5.50% (increases to 6.07% on 12/1/18) Address: 615 North Mayo Trail, Paintsville, KY 41240 Land Size: 0.82 Acres and 35,702 Square Feet Building Size: 3,400 Square Feet Building Age: Completed November 2008 Frontage: +/- 106 Feet on interior road Access: Multiple entrances/exits on KY Hwy 40/321 Parking: 45 total spaces with 2 handicap spaces Zoning: C-4 Traffic Counts: +/- 13,700 AADT on Hwy 40/321 Lease Commencement: December 1, 2008 Lease Expiration: November 30, 2028 Annual Base Rent: $57,600.00 until 11/30/18 then bumps to $63,600.00 Rental Increases: 6,000 in 2018, 2028 and 2033 Tenant/Guarantor: Tri-State Food Systems, Inc. Right of First Refusal: None Lease Type: Absolute Triple Net ground lease with zero Landlord responsibilities Lease Term: 20 year current term with 2 renewal options of 5 years each
PROPERTY TAXES
| Parcel Number | P45-00-00-005.17 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,035,000 |
PROPERTY TAXES
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