441 Riverhill Dr
Ashland, KY 41101
Outback Steakhouse (Ground Lease) · Retail Property For Sale
Property Facts
About 441 RIVERHILL DR , ASHLAND, KY 41101
Stan Johnson Company (“SJC”), on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the Outback Steakhouse Ground Lease located at 441 River Hill Drive in Ashland, Kentucky (the “Property”). The Property encompasses 2.13 acres of improved land and 100% leased to Outback Steakhouse of Florida, LLC (the “Tenant”), a casual dining restaurant operator with 733 locations across 48 States. The Property is positioned along the sole point of ingress and egress of the Walmart-anchored Melody Mountain Shopping Center (“Melody Mountain”) and benefits from immediate access to the city of Ashland’s primary thoroughfare – Highway 23, which serves over 29,025 vehicles per day. The Tenant is operating under a recently renewed, Absolute NNN Lease with 10% rental increases at each renewal option period.
Property Taxes
| Parcel Number | 030-04-00-015.00 | Improvements Assessment | $1,000,000 |
| Land Assessment | $500,000 | Total Assessment | $1,500,000 |
Property Taxes
