1069 Bardstown Rd - Fast Food FOR SALE


Louisville, KY 40204- Cherokee Triangle
$1,872,000 USD
502-442-7079
1069 Bardstown Rd, Louisville, KY for Sale
$1,872,000 USD
Fast Food - FOR SALE
1/9
null | 5.9% Cap Rate

1069 Bardstown Rd
Louisville, KY 40204
Cherokee Triangle


HIGHLIGHTS

  • Nearly 12 Years Remaining | Options To Extend | Scheduled 10% Rental Increases | Strong Franchisee
  • Absolute NNN Lease Structure | Zero Landlord Responsibilities
  • Dense Retail Node | Minutes From Downtown Louisville
  • Strong Bardstown Rd (22,400 VPD) Frontage | Multiple Access Points
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Franchisee guaranteed lease with nearly 12 years of primary lease term remain, ensuring secure long-term cash flow • The lease includes 3 (5-Year), 1 (4-Year) and 1 (1-Year) renewal options with 10% rent increases every five years, providing steady NOI growth and a built-in hedge against inflation • The tenant, ABTB Louisville, LLC, is a proven franchisee with a strong operational track record and a portfolio of 44+ units under management

FOR SALE DETAILS

PRICE

$1,872,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell | 12yrs Remain Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

CROSS STREETS

Grinstead Dr

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

C2

APN/PARCEL ID

075C00450000

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.