95 Meijer Dr | Florence, KY 41042
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- LoopNet Team
95 Meijer Dr
Florence, KY 41042
FREDDY'S - FLORENCE, KY · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
- Constructed to Freddy’s latest prototype with 12-stack drive-thru - Opened March 2024!
- Traffic counts exceed 47,550 CPD! 1/4 mile from I-71/I-75 (traffic counts: 200,966 CPD)!
- DJ Steakburgers, LLC is an experienced/seasoned owner/operator of 13 Freddy’s locations (all back the performance of the lease) with 2 more coming
- Pad site to Meijer Grocery Store, situated on a large ±1.01-acre lot just off a busy intersection of Houston Rd & KY-717
- 2023 DEMOGRAPHICS: Total Population (5-MI): 149,262 | Average Household Income (1-MI): $113,493
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,027 SF
Building Class
C
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.01 AC
Zoning
C
Frontage
267’ on Meijer Drive
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 061.00-21-008.05 | Improvements Assessment | $2,890,000 |
| Land Assessment | $500,000 | Total Assessment | $3,390,000 |
PROPERTY TAXES
Parcel Number
061.00-21-008.05
Land Assessment
$500,000
Improvements Assessment
$2,890,000
Total Assessment
$3,390,000
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