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15-Year First Watch | Bowling Green, KY 2921 Scottsville Rd 3,700 SF 4-Star Retail Building Bowling Green, KY 42104 $6,220,924 CAD ($1,681.33 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Brand new 15-year absolute NNN lease with 10% rent bumps every 5 years
- Immediate access to two signalized intersections at the entrance to Greenwood Square and the corner of Scottsville Rd and Cave Mill Rd
- Mins to Interstate 65 (66,000+ VPD) and the 16,000+ student Western Kentucky University
- Outparcel to Greenwood Square (3.1M visits) anchored by Kroger, Hobby Lobby, Shoe Station and Anytime Fitness
- 31,540 VPD along Scottsville Rd and 15,027 VPD along Cave Mill Rd
- Major retail hub surrounded by Kroger, Walmart, Target, Meijer, Home Depot, Kohl's, Regal, Belk, Best Buy, Hobby Lobby, Sam's Club and more
Executive Summary
TSCG is pleased to present the opportunity to acquire a brand-new First Watch located at 2945 Scottsville Road in Bowling Green, Kentucky, featuring a 15-year Absolute NNN lease with 10% rental increases every five years. Strategically positioned as an outparcel to the 208,000 SF Greenwood Square Shopping Center (3.1M visits) anchored by Kroger, Hobby Lobby, Shoe Station and Anytime Fitness, the property sits at the heart of Bowling Green's dominant commercial corridor. Bowling Green is a thriving regional hub anchored by Western Kentucky University (16,200+ students), the GM Corvette Assembly Plant, and a new $2B EV battery gigafactory, supporting the sustained population growth and diversified economic base that make this an exceptionally well-located retail investment opportunity.
First Watch is a publicly traded company (NASDAQ: FWRG) operating 600+ locations across 32 states with $1.22B in 2025 revenue, offering investors a passive, long-term income stream backed by a scaled and growing national brand.
First Watch is a publicly traded company (NASDAQ: FWRG) operating 600+ locations across 32 states with $1.22B in 2025 revenue, offering investors a passive, long-term income stream backed by a scaled and growing national brand.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,700 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$6,220,924 CAD
Price Per SF
$1,681.33 CAD
Cap Rate
5.25%
NOI
$326,619 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.59 AC
Zoning
C - Commercial
Amenities
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 053A-02A-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,487,145 CAD |
Property Taxes
Parcel Number
053A-02A-001
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,487,145 CAD
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15-Year First Watch | Bowling Green, KY | 2921 Scottsville Rd
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