3300 13th St - Fast Food FOR SALE


Ashland, KY 41102
$2,050,000 USD
858-212-6751
3300 13th St, Ashland, KY for Sale
$2,050,000 USD
Fast Food - FOR SALE
1/4
null | 5.7% Cap Rate

3300 13th St
Ashland, KY 41102


HIGHLIGHTS

  • 13 Years remaining on 20-year lease with 3 five-year options to renew and 8% rental increases every 5 years
  • Largest Dairy Queen Franchisee in the U.S. with over 240 locations
  • Heavy Traffic with over 16,000 cars per day, adjacent to YMCA and Paul Blazer High School

OVERVIEW

Lease: Dairy Queen Grill & Chill with 13 years remaining on a twenty-year NNN Lease, with 3 five-year options to renew. 8% rental increases every 5 years. Business: Operating in same location since 2002 (renovated in 2013) with a highly attractive 6.78% rent to sales ratio. Lease Guarantor: Frauenshuh Hospitality Group of IN/KY LLC with this lease guaranteed by approximately 100 locations. Franchisee: Fourteen Foods -- the largest Dairy Queen Franchisee in the U.S., with 243 locations in Kentucky, Alabama, Florida, Indiana, Minnesota, Nebraska, South Dakota, Tennessee, North Carolina and Wisconsin. Traffic Counts: High drive-by visibility on 13th Street with 16,019 cars per day Great Location: Adjacent to YMCA and Paul Blazer High School Excellent Demographics: Total Population within 5 Miles: 57,576 Average Household Income: $59,818

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$641 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dairy Queen

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

B2

APN/PARCEL ID

023-05-12-001.00

ASK ABOUT THIS PROPERTY

Michael LevineMichael Levine & AssociatesMore Info
858-212-6751

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Michael LevineMichael Levine & AssociatesMore Info
858-212-6751

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