Commercial Real Estate in Edmonton available for sale
Edmonton Drive Through Restaurants For Sale

Drive Through Restaurant for Sale in Edmonton, KY, USA

More details for 411 W Stockton St, Edmonton, KY - Retail for Sale

Walgreens - 411 W Stockton St

Edmonton, KY 42129

  • Drive Through Restaurant
  • Retail for Sale
  • $2,470,098 CAD
  • 2,564 SF

Edmonton Retail for Sale

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly built, drive-thru equipped Walgreens investment property located in Edmonton, KY. The tenant, Walgreen Co., has 7 years of firm term remaining with an additional 4 (5-year) option periods left to extend. The lease features rare 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB-) and is absolute NNN with zero landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. The offering presents the opportunity to purchase one of Walgreens’ brand new “Cooper” prototype pharmacies, a store that will have a health and wellness focus on the location’s front end. Walgreens is strategically located near the signalized, hard corner intersection of Stockton Street and Main Street, averaging a combined 15,900 vehicles passing by daily. Both streets serve as major retail corridors in Edmonton, placing this asset in an excellent location. The surrounding tenants consist of Dollar General Market, ACE Hardware, Minnie’s Southern Café, South Central Bank, Western Union, and others. The national and regional tenant presence drives a steady stream of loyal, local consumers to the trade area and promotes significant crossover store exposure. Furthermore, the property is near numerous single-family communities and multi-family complexes including Stockton Apartments, Edmonton Manor, and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 4,600 residents and 1,600 daytime employees, with an average annual household income of $50,152.

Contact:

SRS Real Estate Partners

Property Subtype:

Drug Store

Date on Market:

2024-05-28

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Drive Through Restaurants for Sale within 50 kilometers of Edmonton, KY, USA

More details for 214 S L Rogers Wells Blvd, Glasgow, KY - Retail for Sale

KFC - Glasgow KY - 214 S L Rogers Wells Blvd

Glasgow, KY 42141

  • Drive Through Restaurant
  • Retail for Sale
  • $3,111,072 CAD
  • 4,281 SF
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More details for 302 N.L. Rogers Wells Blvd, Glasgow, KY - Retail for Sale

Starbucks - Glasgow, KY - 302 N.L. Rogers Wells Blvd

Glasgow, KY 42141

  • Drive Through Restaurant
  • Retail for Sale
  • $3,775,142 CAD
  • 2,447 SF
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More details for 23663 Louisville Rd, Park City, KY - Industrial for Sale

23663 Louisville Rd

Park City, KY 42160

  • Drive Through Restaurant
  • Industrial for Sale
  • $604,023 CAD
  • 3,300 SF
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Drive Through Restaurants For Sale

Drive Through Restaurants

A drive-thru restaurant is a type of fast food establishment that provides customers with the ability to order and receive their meal while still in their car. This type of restaurant has been on the rise in recent years with an increase in demand for quick, mobile-friendly food options.

The majority of drive through restaurants are located on or near busy streets, making them easy for drivers to access. This accessibility can be attractive to investors as it will increase potential revenues by attracting more customers without extensive advertising costs.

Why should you buy a restaurant with a drive through as an investor?

There are many reasons to invest in a drive through restaurant. These restaurants can be profitable if they're modeled correctly and managed well. You need to consider several things when investing in a drive-through restaurant, such as location and demographics, before deciding whether or not it's right for you

The first thing that needs consideration is where your potential business should be located. A major factor here is population density - what does the neighborhood look like? Is there plenty of foot traffic on any given day? If so, this would mean more customers for the restaurant! You also want to make sure there are no competing businesses nearby that may lure away your customer base; try looking at some other areas of town with less competition and underserved population.

What are the costs of buying a drive through restaurant?

The costs to consider include the cost of the building, renovations or repairs and upgrades needed in order to do business. There may be additional fees such as franchise fees, permits, licensing. Talk to your broker about additional costs.

The cost for a commercial property itself will vary depending on the size and location; a building might cost more than one near a busy highway interchange with high traffic volume. The price per square foot also varies significantly by location.

How to make your purchase profitable and sustainable in the long run.

Purchasing a profitable drive-through restaurant requires careful research and consideration of what is needed in the area.

You will need to consider the most profitable drive-through locations, deciding if you want a single site or plan on multiple sites.

Consideration should be given to both established restaurants with traffic volumes that meet your needs as well as those which are under-performing but have potential for time and money investment to increase revenues.

Is it worth it for you to buy a drive thru restaurant now?

Right now is a a great time to invest in a drive through restaurant.

As of 2021, Interest rates are low and there is less competition for properties, which means you can get the property for less money than if you buy it later on down the road when prices and interest rates may increase. Additionally, now would be a good time to buy because people need convenient and safe food options during tough economic times.

Looking to lease a Drive Through Restaurant? View Drive Through Restaurants for lease