1361 S Highway 27 | Somerset, KY 42501
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1361 S Highway 27
Somerset, KY 42501
Sonic - High Performing Store · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute-Net (Zero Landlord Responsibilities): New 20 Year Lease with Attractive 1.5% Rental Increases Annually to Hedge Against Inflation.
- High Performing Store: Existing above National Average Store Sales with Continued Upside Through New Operator Ownership.
- Strong Existing Operating Entity: SOAR Restaurants II, LLC Operates 95 Units and Will Continue to Grow Over Time.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,518 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.61 AC
PROPERTY TAXES
| Parcel Number | 061-3-0-84 | Improvements Assessment | $2,500,000 |
| Land Assessment | $500,000 | Total Assessment | $3,000,000 |
PROPERTY TAXES
Parcel Number
061-3-0-84
Land Assessment
$500,000
Improvements Assessment
$2,500,000
Total Assessment
$3,000,000
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