770 E Center St - Retail FOR SALE


Madisonville, KY 42431
$1,250,000 USD
951-764-3744
770 E Center St, Madisonville, KY for Sale
$1,250,000 USD
Retail - FOR SALE
1/1
null | 6% Cap Rate

770 E Center St
Madisonville, KY 42431


HIGHLIGHTS

  • Long Term Lease
  • Absolute NNN No Landlord Responsibilities
  • Lease Guaranteed by Superior Star LLC 105+/- Unit Operator 2nd Largest Hardee’s and Carl’s Jr Operator
  • Recently went through remodel

OVERVIEW

Subject Offering Long Term Lease, 17 Years Remaining, zero–Landlord Responsibilities Leased Guaranteed by Superior Star LLC (105+/-) Unit Operator. 2,800 Square Foot Freestanding Building located on 29,185 / 0.67-acre Parcel with Traffic Counts of 22,000, Great Proximity to I-69. 10% Increase Every Five Years, 4 (5) Year Options with Increases. Long Term Lease Absolute NNN No Landlord Responsibilities Lease Guaranteed By Superior Star LLC 105+/- Unit Operator 2nd Largest Hardee’s and Carl’s Jr Operator 10% Percent Increases Every 5 Years Heatly Rent-to Sales Hardee's Provides Investors a Well known & Established Brand. Recently went through remodel Location: - Hardee’s Brand Thrives in County Seat Towns

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$446 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardee’s Long Term 17 Year Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam FarmerBelco Development & Investment Co.More Info
951-764-3744

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Adam FarmerBelco Development & Investment Co.More Info
951-764-3744

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