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Investment Highlights

  • Heavy traffic area
  • Newly renovated property
  • Direct and quick access to I-75 appx 60,000 VPD
  • Main thoroughfare to Eastern Kentucky University and city center. appx 30,000 VPD
  • NNN lease with growing brand

Executive Summary

HIGH TRAFFIC UNIVERSITY CITY-PRIME COMMERCIAL/ RESTAURANT - NNN LEASE - Impeccably and very recently renovated restaurant. The property is leased on a triple net basis to Parlour Pizza, a growing regional restaurant operator with multiple locations in Kentucky and Indiana. High visibility directly off I-75 (appx 65,000 VPD) on the Eastern Bypass (major commercial corridor, appx 30,000 VPD) Surrounded by national retailers, hotels and student housing, this property benefits from strong local and visitor traffic, making it a prime location. Other details available upon request and with a signed confidentiality agreement. Year built is a best estimate based on historical research but is not guaranteed to be an accurate date. Asking price based on appraisal dated May 15, 2026. Please sign and email attached confidentiality agreement to listing agent for additional information.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,667 SF
Building Class
B
Year Built/Renovated
2010/2026
Price
$2,650,000
Price Per SF
$467.62
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.14 AC
Zoning
B-3 - B-3
Parking
55 Spaces (9.71 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Parlour Pizza
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Parlour Pizza Accommodation and Food Services - - Triple Net -
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Chase Bank
Waffle House
Cook Out
Stock Yards Bank & Trust
PNC Bank
Texas Roadhouse
Skyline Chili
First Watch
IHOP
Logan's Roadhouse

Property Taxes

Property Taxes

Parcel Number
R002-0007-0010-A
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,065,000
  • Listing ID: 41112353

  • Date on Market: 6/30/2026

  • Last Updated:

  • Address: 241 Eastern Byp, Richmond, KY 40475

Contact the Sale Advisor

241 Eastern Byp

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