376 Big Hill Ave - Auto Repair FOR SALE


Richmond, KY 40475
$2,928,571 USD
332-345-4222
376 Big Hill Ave, Richmond, KY for Sale
$2,928,571 USD
Auto Repair - FOR SALE
1/2
null | 7% Cap Rate

376 Big Hill Ave
Richmond, KY 40475


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases | The lease will feature 2.00% rental increases annually
  • Corporate Guarantee

OVERVIEW

NNN Pro and Bang Realty are pleased to present the exclusive listing for a Main Street Auto located at 376 Big Hill Ave, Richmond, KY 40475. The site consists of roughly 7,405 rentable square feet of building space on an estimated 0.61-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $205,000 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$2,928,571 USD

PRICE/SF

$395 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Street Auto

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

-

APN/PARCEL ID

R011-0001-0005

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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