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505 Armco Rd
Ashland, KY 41101
Applebee's · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Four (4) Tenant Renewal Periods of Five (5) Years Each
  • Attractive Rental Increases | 1.50% Annually

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
4,500 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.59 AC
Zoning
Z02 - Business
Parking
40 Spaces (5.98 Spaces per 1,000 SF Leased)
Frontage
88’ on Armco Rd

AMENITIES

  • Pylon Sign

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
030-05-00-001.00
Land Assessment
$515,000
Improvements Assessment
$1,270,714
Total Assessment
$1,785,714
  • Listing ID: 20494043

  • Date on Market: 8/3/2020

  • Last Updated:

  • Address: 505 Armco Rd, Ashland, KY 41101

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