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279-297 Buttermilk Pike 4,891 SF of Retail Space Available in Fort Mitchell, KY 41017
HIGHLIGHTS
- Lease to be renegotiated with Landlord
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,891 SF | Negotiable | $27.50 /SF/YR $2.29 /SF/MO $134,503 /YR $11,209 /MO | Triple Net (NNN) |
1st Floor
Currently available is a beautiful, well-located full-service restaurant in the upscale market of Crestview, KY. The restaurant was built about seven years ago. It occupies an endcap of the strip center on the busy Buttermilk Pike directly across from the 25-acre former Drawbridge Inn and right off the I-71/75 highway. The Drawbridge Inn site was recently approved for a St. Elizabeth Healthcare facility, as well as 203 apartments, and 1,101 parking spots. Chick-fil-A and Starbucks are being built directly across the road. We anticipate that a new lease will be negotiated with the landlord. Please do not speak to any staff on-site, as this is a highly confidential listing and an out-of-town owner. The original buildout was close to $2 million. All proprietary items will be removed from the space at closing. ***Lease will be renegotiated with Landlord.
- Lease rate does not include utilities, property expenses or building services
- Well-located full-service restaurant
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 279-297 BUTTERMILK PIKE, FORT MITCHELL, KY 41017
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Alloy Personal Training
- Fitness
- 110
- National
- Bru Burger Bar
- Restaurant
- 13
- Local
- Charles Schwab
- Bank
- 638
- International
- Coldwell Banker Realty
- Real Estate
- 5,499
- International
- Devin Kroner The Real Estate Pastor
- Real Estate
- 1
- -
- Zoe Grace Salon
- Salon/Barber/Spa
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Alloy Personal Training | Fitness | 110 | National |
| Bru Burger Bar | Restaurant | 13 | Local |
| Charles Schwab | Bank | 638 | International |
| Coldwell Banker Realty | Real Estate | 5,499 | International |
| Devin Kroner The Real Estate Pastor | Real Estate | 1 | - |
| Zoe Grace Salon | Salon/Barber/Spa | 1 | Local |
PROPERTY FACTS
| Total Space Available | 4,891 SF | Gross Leasable Area | 21,522 SF |
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 3/1,000 SF |
| Total Space Available | 4,891 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 21,522 SF |
| Year Built | 2018 |
| Parking Ratio | 3/1,000 SF |
NEARBY MAJOR RETAILERS
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Entertainment Properties
279-297 Buttermilk Pike
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