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909 Broadway St 7,000 SF Retail Building Beattyville, KY 41311 $1,584,666 CAD ($226.38 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Triple Net (NNN) Lease Structure
- Retail Hub Location
- Consumer Spending Base
- Strategic Retail Corridor
- Strong Regional Accessibility
- Limited Local Competition
Executive Summary
Surmount and Bang Realty is pleased to present the exclusive listing for an Advance Auto Parts located at 909 Broadway Street, Beattyville, KY 41311. The site consists of roughly 7,000 rentable square feet of building space on an estimated 1.38-acre parcel of land. Advance Auto Parts is subject to a 30-year Triple Net (NNN) lease, which commenced 4/19/2007. The current annual rent is $83,790 and has scheduled increases of 10.00% At Start of Each Option Period.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2007
Price
$1,584,666 CAD
Price Per SF
$226.38 CAD
Cap Rate
7.50%
NOI
$118,871 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.38 AC
Parking
32 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
316’ on Broadway St
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 039-20-04-013.03 | Improvements Assessment | $1,243,078 CAD |
| Land Assessment | $319,649 CAD | Total Assessment | $1,562,726 CAD |
Property Taxes
Parcel Number
039-20-04-013.03
Land Assessment
$319,649 CAD
Improvements Assessment
$1,243,078 CAD
Total Assessment
$1,562,726 CAD
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909 Broadway St
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