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3393 Madison Pike 2,713 SF Retail Building Ft Wright, KY 41017 $1,100,000 ($405.46/SF) 5.85% Cap Rate
Investment Highlights
- Great Location on Busy Highway and Interchange
- Busy Retail Corridor.
- Long Established Location
- All 72 Stores are in 1 Corporate LLC.
Executive Summary
Arby's NNN (Bite Size Price!)
Long Established Location
Great location at Highway Interchange. I 275 and Madison Pike Ft. Wright, KY.
NNN Sale Leaseback
New 20 year lease with 4 5 Year Options
7% Rent escalations every 5 years.
Long Time Arby's Franchisee (50+ years)
72 + stores in 7 States. And Growing!
Located in Growing Northern, KY area.
Across from Walmart in Retail Area.
Long Established Location
Great location at Highway Interchange. I 275 and Madison Pike Ft. Wright, KY.
NNN Sale Leaseback
New 20 year lease with 4 5 Year Options
7% Rent escalations every 5 years.
Long Time Arby's Franchisee (50+ years)
72 + stores in 7 States. And Growing!
Located in Growing Northern, KY area.
Across from Walmart in Retail Area.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,713 SF
Building Class
C
Year Built
1993
Price
$1,100,000
Price Per SF
$405.46
Cap Rate
5.85%
NOI
$64,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.66 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
156’ on Madison Pike Pike
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 042-40-00-002.03 | Improvements Assessment | $425,000 |
| Land Assessment | $325,000 | Total Assessment | $750,000 |
Property Taxes
Parcel Number
042-40-00-002.03
Land Assessment
$325,000
Improvements Assessment
$425,000
Total Assessment
$750,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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3393 Madison Pike
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