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Main Street Auto 376 Big Hill Ave 7,405 SF Retail Building Richmond, KY 40475 $4,212,475 CAD ($568.87 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Stong Corporate Guarantee
- Proximity to Eastern Kentucky University
- Strong Growing Demographics
- Proximity to Baptist Health Richmond
EXECUTIVE SUMMARY
Surmount 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 commenced 2/20/2025. The current annual rent is $210,000 and has scheduled increases of 2.00% annually starting 3/1/2031.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,405 SF
Year Built
2001
Price
$4,212,475 CAD
Price Per SF
$568.87 CAD
Cap Rate
6.75%
NOI
$284,342 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.61 AC
Frontage
51’ on Big Hill Avenue
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R011-0001-0005 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,620,559 CAD |
PROPERTY TAXES
Parcel Number
R011-0001-0005
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,620,559 CAD
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Main Street Auto | 376 Big Hill Ave
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