About This Restaurant
Investment Highlights
Brand New 10-Year Lease (NO Early Termination) with Attractive 7.50% Rental Escalations Every 5 Years! VERY SUCCESSFUL RETAIL CORRIDOR - Many nearby retailers rank in the upper 9th percentile in foot traffic nationally! Excellent access/ visibility on Cassidy Blvd with traffic counts of 23,226 CPD! Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody?s Baa1 Rating) operated over 38,000 locations worldwide Pad site to Top 24th Ranked Walmart in the nation with impressive 3,287 SF building - situated on a large ?1.49-acre lot (18-car drive-thru stack) 2023 DEMOGRAPHICS: Total Population (5-MI): 16,287 | Average Household Income (1-MI): $103,610
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Bank General Retail Fast Food General Retail Storefront Restaurant
- Building Size 3,455
- Building Class B
- Year Built/Renovated 2008/2024
- Price 3,271,000
- Price Per SF 947
- Cap Rate 6
- NOI 196,235
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.49 AC
Amenities
- Restaurant
- Air Conditioning
Property Taxes
| Parcel Number | 50378 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $975,000 |
| Date Created: | 2024-07-16 04:16:15 | Last Updated: | 2024-07-16 04:16:15 |
| Address: | 210 Cassidy Blvd , Pikeville, Kentucky, 41501 | ||