1321 W Shelby St - Fast Food FOR SALE


Falmouth, KY 41040
$2,034,188 USD
305-308-2635
1321 W Shelby St, Falmouth, KY for Sale
$2,034,188 USD
Fast Food - FOR SALE
1/8
null | 5.85% Cap Rate

1321 W Shelby St
Falmouth, KY 41040


HIGHLIGHTS

  • Brand New 2023 Construction
  • Long Triple Net NNN 25-YR Lease Term with Five, 5-YR Options to Renew, Zero Landlord Responsibilities
  • At a Signalized Intersection
  • Healthy 7.5% Increases Every 5 Years

OVERVIEW

Introducing a brand-new 2,006 SF Taco Bell, on a nearly 1-acre lot, offering high visibility and prime access. Positioned at the signalized intersection of US-27 S & W Shelby Street with a combined traffic count of 9,683 vehicles per day. Directly across the street from Shell Gas Station, McDonald’s and other national retailers. US-27 is a main transportation route that runs North/South to Cincinnati, Ohio & Lexington, Kentucky. This exceptional investment opportunity features a long-term, 25-year Triple Net (NNN) Lease with five 5-year renewal options and robust 7.5% rent increases every 5 years.

FOR SALE DETAILS

PRICE

$2,034,188 USD

PRICE/SF

$1,014 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

-

APN/PARCEL ID

042-70-08-003.00

ASK ABOUT THIS PROPERTY

Debra FranklinMarcus & MillichapMore Info
305-308-2635

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Debra FranklinMarcus & MillichapMore Info
305-308-2635

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