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909 Broadway St
Beattyville, KY 41311
Retail Property For Sale
Investment Highlights
- Triple Net (NNN) Lease Structure
- Retail Hub Location
- Consumer Spending Base
- Strategic Retail Corridor
- Strong Regional Accessibility
- Limited Local Competition
Executive Summary
Surmount and Bang Realty is pleased to present the exclusive listing for an Advance Auto Parts located at 909 Broadway Street, Beattyville, KY 41311. The site consists of roughly 7,000 rentable square feet of building space on an estimated 1.38-acre parcel of land. Advance Auto Parts is subject to a 30-year Triple Net (NNN) lease, which commenced 4/19/2007. The current annual rent is $83,790 and has scheduled increases of 10.00% At Start of Each Option Period.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,000 SF
Building Class
B
Year Built
2007
Price
$1,117,000
Price Per SF
$159.57
Cap Rate
7.50%
NOI
$83,790
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.38 AC
Parking
32 Spaces (4.57 Spaces per 1,000 SF Leased)
Frontage
316’ on Broadway St
Property Taxes
| Parcel Number | 039-20-04-013.03 | Improvements Assessment | $875,000 |
| Land Assessment | $225,000 | Total Assessment | $1,100,000 |
Property Taxes
Parcel Number
039-20-04-013.03
Land Assessment
$225,000
Improvements Assessment
$875,000
Total Assessment
$1,100,000
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