Tires Plus | 669 Knox Blvd
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Tires Plus 669 Knox Blvd
7,318 SF Retail Building Radcliff, KY 40160 $872,300 ($119/SF) 6.50% Cap Rate
Investment Highlights
- Standard & Poor’s “A” Rated Investment Grade Credit Tenant (Bridgestone Retail Operations, LLC)
- Minimal Landlord Responsibilities | New Roof & 20 Year Warranty in 2018 | Essentially Operates as a Triple-Net Lease
- Located Along Major Corridor Connecting to Louisville & Elizabethtown | Growing Population | Across from $90M Mixed-Use Development Project
- 30 Year Operating History, Strong Commitment to Site | Low Rent ($7.75 PSF)
- Subject Property is Located Just 1 Mile South of Fort Knox | Close Proximity to the New $5.8B Ford Electric Battery Plant (Blue Oval City)
Executive Summary
Lee & Associates, together with Bang Realty, are please to present an investment opportunity in a Tires Plus located in Radcliff, KY. Close to Fort Knox, this is located in a growing area with new redevelopment projects underway. Tires Plus has a 30+ Year operating history demonstrating a commitment to the site, and with a new roof, this operates as a Modified-triple net lease. The subject property operates under a corporate lease with Bridgestone Retail Operations, LLC, S&P: "A" rated investment grade credit.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,318 SF
Building Class
C
Year Built/Renovated
1995/2018
Price
$872,300
Price Per SF
$119
Cap Rate
6.50%
NOI
$56,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.57 AC
Frontage
100 FT on Knox Blvd
Amenities
- Monument Signage
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Tires Plus
- Services
- 99,999 SF
- -
- Lorem Ipsum
- Jan 0000
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Tires Plus | Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 138-30-00-060 | Improvements Assessment | $600,000 |
Land Assessment | $100,000 | Total Assessment | $700,000 |
PROPERTY TAXES
Parcel Number
138-30-00-060
Land Assessment
$100,000
Improvements Assessment
$600,000
Total Assessment
$700,000
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Tires Plus | 669 Knox Blvd
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