5022 S 3rd St - Fast Food FOR SALE


Louisville, KY 40214- Beechmont
$1,309,091 USD
617-865-1145
5022 S 3rd St, Louisville, KY for Sale
$1,309,091 USD
Fast Food - FOR SALE
1/2
null | 5.5% Cap Rate

5022 S 3rd St
Louisville, KY 40214
Beechmont


HIGHLIGHTS

  • Recently Signed 10-Year Lease Extension | Arby's recently signed a 10-year lease extension expiring 12/31/2035, demonstrating dedication to this site.
  • 57 Year Operating History | First Arby’s Ever Opened in the State of KY
  • Exceptional Store Performance
  • Corporate Tenant

OVERVIEW

Surmount and Bang Realty are pleased to present the exclusive listing for an Arby's located at 5022 South 3rd Street, Louisville, KY. Arby’s has operated at this location since 1968, making it one of the original Arby’s restaurants and among the longest continuously operating locations in the nation — representing 57 years of operating history. The site consists of roughly 4,106 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Arby's is subject to a newly signed 10-year Triple Net (NNN) lease extension that expires 12/31/2035. The current annual rent is $72,000 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$1,309,091 USD

PRICE/SF

$319 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C1-COMMERC

APN/PARCEL ID

060C00480000

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

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