1028 Bypass N - Restaurant FOR SALE


Lawrenceburg, KY 40342
$1,878,843 USD
602-538-7155
1028 Bypass N, Lawrenceburg, KY for Sale
$1,878,843 USD
Restaurant - FOR SALE
1/3
null | 7.25% Cap Rate

1028 Bypass N
Lawrenceburg, KY 40342


HIGHLIGHTS

  • Absolute NNN Lease – zero landlord responsibilities
  • Corporate guaranty from Bojangles
  • Bite size investment deal
  • Potential future redevelopment opportunity
  • Walmart Supercenter outparcel with neighboring national credit tenants such as: Arby’s, Burger King, Walgreens, O'Reilly Auto Parts, and more
  • Excellent visibility with frontage on Bypass N, a major arterial through Kentucky ±20,006 VPD • Lawrenceburg is situated between

OVERVIEW

INVESTMENT HIGHLIGHTS • Absolute NNN Lease – zero landlord responsibilities • Corporate guaranty from Bojangles • Bite size investment deal • Potential future redevelopment opportunity TENANT HIGHLIGHTS • Bojangles' system-wide sales in 2023 reached $1.8 billion, with the chain expanding to over 800 locations • Bojangles' was acquired by Durational Capital Management and The Jordan Company in January 2019 for approximately $593 million. • Sakura 16 Japanese Steakhouse has 4 other locations in Radcliff, KY, Bloomington, IN, Christiansburg, VA, and Harrisonburg, VA • Sakura 16 Japanese Steakhouse has been operating since 2004 LOCATION HIGHLIGHTS • Walmart Supercenter outparcel with neighboring national credit tenants such as: Arby’s, Burger King, Walgreens, O'Reilly Auto Parts, and more • Excellent visibility with frontage on Bypass N, a major arterial through Kentucky ±20,006 VPD • Lawrenceburg is situated between Louisville and Lexington, the two largest cities in Kentucky

FOR SALE DETAILS

PRICE

$1,878,843 USD

PRICE/SF

$483 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Bojangles' Sublease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

B-1

APN/PARCEL ID

49-61-07-003

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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