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3393 Madison Pike 2,713 SF Retail Building Ft Wright, KY 41017 $1,541,166 CAD ($568.07 CAD/SF) 5.85% Cap Rate
Investment Highlights
- Great Location on Busy Highway and Interchange
- Busy Retail Corridor.
- Long Established Location
- All 72 Stores are in 1 Corporate LLC.
Executive Summary
Arby's NNN (Bite Size Price!)
Long Established Location
Great location at Highway Interchange. I 275 and Madison Pike Ft. Wright, KY.
NNN Sale Leaseback
New 20 year lease with 4 5 Year Options
7% Rent escalations every 5 years.
Long Time Arby's Franchisee (50+ years)
72 + stores in 7 States. And Growing!
Located in Growing Northern, KY area.
Across from Walmart in Retail Area.
Long Established Location
Great location at Highway Interchange. I 275 and Madison Pike Ft. Wright, KY.
NNN Sale Leaseback
New 20 year lease with 4 5 Year Options
7% Rent escalations every 5 years.
Long Time Arby's Franchisee (50+ years)
72 + stores in 7 States. And Growing!
Located in Growing Northern, KY area.
Across from Walmart in Retail Area.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,713 SF
Building Class
C
Year Built
1993
Price
$1,541,166 CAD
Price Per SF
$568.07 CAD
Cap Rate
5.85%
NOI
$90,158 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.66 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
156’ on Madison Pike Pike
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 042-40-00-002.03 | Improvements Assessment | $598,506 CAD |
| Land Assessment | $457,681 CAD | Total Assessment | $1,056,187 CAD |
Property Taxes
Parcel Number
042-40-00-002.03
Land Assessment
$457,681 CAD
Improvements Assessment
$598,506 CAD
Total Assessment
$1,056,187 CAD
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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3393 Madison Pike
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