404 US 31W Byp - Fast Food FOR SALE


Bowling Green, KY 42101
$1,981,000 USD
818-632-0233
404 US 31W Byp, Bowling Green, KY for Sale
$1,981,000 USD
Fast Food - FOR SALE
1/10
null | 5.4% Cap Rate

404 US 31W Byp
Bowling Green, KY 42101


HIGHLIGHTS

  • Corporate Guaranteed Ground Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Adjacent To A Top-Ranked Kroger | Western Kentucky University |The Medical Center at Bowling Green
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, Dutch Bros investment property located in Bowling Green, Kentucky. The tenant, Dutch Bros has over 14 years of term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,981,000 USD

PRICE/SF

$2,085 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New Dutch Bros | Major Hospital Location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

HB

APN/PARCEL ID

051B-02-001

ASK ABOUT THIS PROPERTY

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818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

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