1992 Spring House Ln - Fast Food FOR SALE


Richmond, KY 40475
$2,640,000 USD
786-522-7062
1992 Spring House Ln, Richmond, KY for Sale
$2,640,000 USD
Fast Food - FOR SALE
1/8
null | 6.25% Cap Rate

1992 Spring House Ln
Richmond, KY 40475


OVERVIEW

Marcus & Millichap is pleased to present a newly constructed 2025 Burger King located in Richmond, Kentucky. The property is secured by a new 20-year NNN lease featuring 7.5% rent increases every five years and four additional five-year renewal options. The asset is operated by a growing regional franchisee with a portfolio of nearly 500 locations nationwide. They were awarded the 2025 Burger King Franchisee of the Year. Positioned along Eastern Bypass which sees over 22,000 vehicles per day and is surrounded by several major auto dealerships including Hyundai, Ford, Honda, Toyota, Nissan, and others.

FOR SALE DETAILS

PRICE

$2,640,000 USD

PRICE/SF

$902 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.08 AC

LAND SF

744,134 SF

ZONING

-

APN/PARCEL ID

0068-0000-0013-02

ASK ABOUT THIS PROPERTY

Alyssa ArmstrongMarcus & MillichapMore Info
786-522-7062

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

Alyssa ArmstrongMarcus & MillichapMore Info
786-522-7062

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