1335 Versailles Road
Frankfort, KY
Price:
$3,032,000
Cap Rate:
5.60%
NOI:
$169,765
Building Size:
Approx. 4,042 Sq. Ft.
Lot Size:
Approx. 0.79 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2020
Investment Overview
- 2020 Construction. 4,042+/- SF Building on 0.79+/- Acre Site
- 15-Yr Corp Absolute NNN Lease w/ 10% Rent Bump Every 5-Yrs
- Strategically Located Along US-60 (37K VPD) Near I-64 (70K VPD) and HW-421 (29K VPD)
- Subject Property is Only 3 Miles from Kentucky State University (2,500 Students)
- Near Tractor Supply, Planet Fitness, Goodwill, Kohl’s, Michaels, Cracker Barrel
- Strong Income Demographics w/ est. $94,853 within a 1-Mile Radius
- Frankfurt | Capital of Kentucky | Population: 27,000+