This property is Off-Market
801 E. Main Street
Warsaw, KY 41095 ·
2,900 SF · Retail For Sale
|Building Size||2,900 SF||Cap Rate||9%|
|Property Sub-type||Restaurant||Year Built||1990|
|Property Use Type||Net Lease Investment with 10+ years left on lease||Lot Size||30,148 SF|
|Listing ID: 15213847||Date Created: 06/26/2007||Last Updated: 09/14/2008|
Sale/Leaseback with new 20 Year Lease signed at close of escrow. Tenant operates two other locations.
The subject property is a Dairy Queen Restaurant. The store sits on the US Highway 42, also know as Main Street, the main traffic artery in and out of Warsaw. The lot is approximately 0.70 acres and has a long drive-thru. The building has a gross structural footprint of 2,900 square feet and has seating for up to 98 people. There are approximately 48 parking spaces. The property has been very well maintained.
Warsaw is the county seat of Gallatin County one of Kentucky's fastest growing counties located along the banks of the Ohio River. Just 40 minutes from Cincinnati and 50 minutes from Louisville, Warsaw offers proximity to the most scenic section of the Ohio River for hundreds of miles. Within 10 minutes, boaters are offered four launching ramps and two marinas. Eight golf courses are available within 20 minutes and range in size and complexity from 9 hole executive courses to the new 18 hole Tom Fazio designed championship course at Belterra Resort Spa and Casino, located minutes from town. For car racing fans, Kentucky Speedway is just five miles from Warsaw. Kentucky Speedway has proven to be a world class venue, and has hosted concerts by bands like Metallica and the WARP tour. Future plans call for more concerts and other non-race events.
- Absolute NNN Lease
- Sale/Leaseback with 20 Year Term
- Planned Upgrades
- Expanding Operator
- 2% Annual Increases
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