6725 Dixie Hwy - Freestanding FOR SALE


Florence, KY 41042
$1,200,000 USD
818-303-9903
6725 Dixie Hwy, Florence, KY for Sale
$1,200,000 USD
Freestanding - FOR SALE
1/14
null | 7.32% Cap Rate

6725 Dixie Hwy
Florence, KY 41042


HIGHLIGHTS

  • No expenses for owner - rent is NNN!
  • High visibility on Dixie Highway - signalized intersection!
  • Two 5-year option terms remaining!
  • Direct access to I-71 via Turfway Road and I-275 via Dixie Highway!

OVERVIEW

Papa Johns occupies the entire 3,224 building with 2 years remaining on the lease. **Additional Option to Buy**: Papa Johns will consider vacating 50% of the SF and exercise an option with a 10% increase in rent for the occupied space, extending the current lease out to Feb of 2032. This can be negotiated in escrow.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

7.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Papa John's STNL Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

-

APN/PARCEL ID

061.22-28-012.00

ASK ABOUT THIS PROPERTY

Edwin VoskanianVoskanian Investment Group Inc.More Info
818-303-9903

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Edwin VoskanianVoskanian Investment Group Inc.More Info
818-303-9903

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