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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
Auto Repair
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

Navy Federal Credit Union
Bestway Rent To Own
Wells Fargo Home Mortgage
Applebee's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
138-30-00-060
Land Assessment
$100,000
Improvements Assessment
$600,000
Total Assessment
$700,000
  • Listing ID: 34048482

  • Date on Market: 12/2/2024

  • Last Updated:

  • Address: 669 Knox Blvd, Radcliff, KY 40160

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