4940 Frederica St - Auto Repair FOR SALE


Owensboro, KY 42301
$1,750,000 USD
332-345-4222
4940 Frederica St, Owensboro, KY for Sale
$1,750,000 USD
Auto Repair - FOR SALE
1/2
null | 6% Cap Rate

4940 Frederica St
Owensboro, KY 42301


HIGHLIGHTS

  • Long-Term 20-Year NNN Sale-Leaseback
  • Strong Corporate Guarantee
  • 20 Years of Renewal Options
  • Attractive Annual Rental Increases

OVERVIEW

NNN Pro and bang realty are pleased to present the exclulsive listing for a Take 5 oil Change Located at 4940 Frederica Street, Owensboro, KY 42301. The site consists of roughly 1411 rentable square feet of building space on an estimated .38 acre parcel of land. This take 5 Oil Change is subject to a 20-year triple net (NNN) lease, which will commence upon close of escrow. The annual rent will be $105,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$1,240 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,534 SF

ZONING

-

APN/PARCEL ID

004-30-01-006-A0-000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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