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1481 Versailles Rd
Frankfort, KY 40601
Tire Discounters · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities
- 8% rent escalations every five years
- 8.5 years remaining plus four 5-year renewal options
Executive Summary
Freestanding, 5,932 SF Tire Discounters on a 0.96-acre corner lot at 1481 Versailles Road in Frankfort, Kentucky. The property is 100% leased to Tire Discounters, Inc. on an absolute NNN basis with zero landlord responsibilities. Approximately 8.5 years remain on the lease (expires 3/31/2035), plus four 5-year renewal options. Rent escalates 8% every five years beginning 4/1/2030. The tenant recently signed a 5-year extension in 2026, reinforcing a 16-year operating history at this #1-ranked Kentucky location. Strong corner positioning with 25,212 VPD on Versailles Road and 49,226 VPD on I-64, near Kohl's, Dick's Sporting Goods, Five Below, and AT&T. Frankfort is the Kentucky state capital.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,932 SF
Building Class
B
Year Built
2011
Price
$2,710,000
Price Per SF
$456.84
Cap Rate
6.51%
NOI
$176,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.96 AC
Parking
31 Spaces (5.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 086-00-00-021.14 | Improvements Assessment | $535,000 |
| Land Assessment | $450,000 | Total Assessment | $985,000 |
Property Taxes
Parcel Number
086-00-00-021.14
Land Assessment
$450,000
Improvements Assessment
$535,000
Total Assessment
$985,000
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