508 Lexington St - Restaurant FOR SALE


Versailles, KY 40383
$550,000 USD
859-421-6700
508 Lexington St, Versailles, KY for Sale
$550,000 USD
Restaurant - FOR SALE
1/4
null | 6.76% Cap Rate

508 Lexington St
Versailles, KY 40383


HIGHLIGHTS

  • Located across from Kentucky's largest Kroger supermarket
  • Surrounded by national and regional retailers - Chipotle, Kroger, Wendy's Starbucks, Dunkin, etc.
  • Great visibility with easy access points.

OVERVIEW

There is 3 years 10 months remaining on the original lease term ? Below market rent with income upside. ? Tenant responsible for all utilities, property taxes, and HVAC preventative maintenance. ? Resilient business – with drive-through access. ? Positioned along a major retail and traffic corridor. ? Located across the highway from Kroger – Kentucky’s most popular grocery store. ? Surrounded by national and regional retailers: Chipotle, Valvoline, Kroger, Wendy's, Starbucks, and Dunkin. ? Great visibility, from road, with two easily accessible entry points. ? Abundance of parking on adjacent rear lot. Landlord maintains property insurance on the premises. Tenant is responsible for real estate taxes, repairs and maintenance and utilities.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

6.76%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

C-140

APN/PARCEL ID

30-8003-002-02

ASK ABOUT THIS PROPERTY

Isa MashniColeman Group Property ServicesMore Info
859-421-6700

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Isa MashniColeman Group Property ServicesMore Info
859-421-6700

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