4921 Outer Loop - Fast Food FOR SALE


Louisville, KY 40219- Okolona
$2,610,000 USD
646-805-1438
4921 Outer Loop, Louisville, KY for Sale
$2,610,000 USD
Fast Food - FOR SALE
1/10
null | 6.12% Cap Rate

4921 Outer Loop
Louisville, KY 40219
Okolona


HIGHLIGHTS

  • 9+ Years Remaining | Options To Extend | 10% Rental Increases | Strong Franchisee (105+ Units)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Prime Retail Node | Outparcel To Jefferson Commons
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased QDOBA investment property located in Louisville, Kentucky. The tenant, North Fork Fresh Mex, LLC, recently exercised a renewal option early, demonstrating its commitment to the site and providing more than nine years of remaining lease term with two additional 5-year renewal options. The lease features 10% rental increases every five years throughout the remaining term and at the commencement of the remaining option periods, supporting NOI growth and providing a hedge against inflation. North Fork Fresh Mex, LLC is one of the largest franchisees in the QDOBA system, operating more than 105 locations nationwide. The lease is structured as absolute NNN with zero landlord responsibilities, making it an ideal management-free investment opportunity for a passive or out-of-state investor.

FOR SALE DETAILS

PRICE

$2,610,000 USD

PRICE/SF

$857 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Qdoba

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C2

APN/PARCEL ID

064301960000

ASK ABOUT THIS PROPERTY

Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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Michael GrunbergSRS National Net LeaseMore Info
646-805-1438

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