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Burger King 40 Town Hill Rd 2,816 SF Retail Building Louisa, KY 41230 $2,938,702 CAD ($1,043.57 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 2025 Construction
- Backed by a National Brand
- Long Term 20-YR NNN Lease with Four Additional, 5-YR Options to Renew
Executive Summary
Marcus & Millichap is pleased to present a newly constructed 2025 Burger King located in Louisa, Kentucky. The property is secured by a new 20-year NNN lease featuring 7.5% rent increases every five years and four additional five-year renewal options. The asset is operated by a growing regional franchisee with a portfolio of nearly 500 locations nationwide. They were awarded the 2025 Burger King Franchisee of the Year. Outparcel to Louisa Plaza, nestled in the heart of the city. Positioned alongside U.S. 23 with direct on/off ramp access from KY-32 (Old U.S. 23) which sees nearly 10,000 vehicles per day.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,816 SF
Building Class
C
Year Built
1991
Price
$2,938,702 CAD
Price Per SF
$1,043.57 CAD
Cap Rate
6.25%
NOI
$183,669 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.75 AC
Parking
334 Spaces (10 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
90/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 105-00-00-020.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $4,421,657 CAD |
Property Taxes
Parcel Number
105-00-00-020.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,421,657 CAD
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Burger King | 40 Town Hill Rd
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