315 Keystone Crossing Dr, Shepherdsville, KY 40165
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest to a build-to-suit, Burger King, leased and operated by Carrols Restaurant Group, one of the largest restaurant and franchisees in the US with over 1,000 locations. The corporately ground leased retail property is located at 315 Keystone Crossing Drive, Shepherdsville, Kentucky 40165 (the “Property”). Built in 2019, the Property comprises a +/- 1,500 SF building on an attractive +/- 0.80-acre parcel, that is strategically positioned to be visible and convenient to Interstate 69 traffic, a combined 95,760 vehicles per day as of 2018. The Property benefits from it’s visibility, accessibility, and convenient retail location in a strong commercial area near residential communities, an area surrounded by over 11,050 households within five miles. The population in 2020 was 29,302 people with an average HH Income of $73,000 within five miles of the property and a daytime population of 27,000 people. Amazon employs an estimated 6,500 regionally, they have 3 large facilities in the adjacent park, surrounded by retailers including Lowe’s, Walmart, Kroger, Dollar General, Panera, PNC, Taco Bell, McDonald’s, Wendy’s, Starbucks, O’Reilly, AT&T, Papa John’s, UPS, Arby’s, Long John Silver’s, Waffle House, Rite Aid, Dairy Queen, Gatti’s Pizza, among many others. The building is 100 percent occupied by Burger King, a subsidiary of Restaurant Brands International with approximately 27,000 locations in more than 100 countries and US territories. The ground lease with Carrols Restaurant Group commenced 10/31/2019 and terminates 10/31/2039, subject to a 20-year lease term and 10 percent rental increases every five years, the tenant has approximately 19 years remaining, with an expiration date of 10/31/2029. The tenant additionally has ten, five-year options to extend the lease, also increasing by 10 percent at each option period.
License(s): KY: 242197
Kentucky
Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest to a build-to-suit, Burger King, leased and operated by Carrols Restaurant Group, one of the largest restaurant and franchisees in the US with over 1,000 locations. The corporately ground leased retail property is located at 315 Keystone Crossing Drive, Shepherdsville, Kentucky 40165 (the “Property”). Built in 2019, the Property comprises a +/- 1,500 SF building on an attractive +/- 0.80-acre parcel, that is strategically positioned to be visible and convenient to Interstate 69 traffic, a combined 95,760 vehicles per day as of 2018. The Property benefits from it’s visibility, accessibility, and convenient retail location in a strong commercial area near residential communities, an area surrounded by over 11,050 households within five miles. The population in 2020 was 29,302 people with an average HH Income of $73,000 within five miles of the property and a daytime population of 27,000 people. Amazon employs an estimated 6,500 regionally, they have 3 large facilities in the adjacent park, surrounded by retailers including Lowe’s, Walmart, Kroger, Dollar General, Panera, PNC, Taco Bell, McDonald’s, Wendy’s, Starbucks, O’Reilly, AT&T, Papa John’s, UPS, Arby’s, Long John Silver’s, Waffle House, Rite Aid, Dairy Queen, Gatti’s Pizza, among many others. The building is 100 percent occupied by Burger King, a subsidiary of Restaurant Brands International with approximately 27,000 locations in more than 100 countries and US territories. The ground lease with Carrols Restaurant Group commenced 10/31/2019 and terminates 10/31/2039, subject to a 20-year lease term and 10 percent rental increases every five years, the tenant has approximately 19 years remaining, with an expiration date of 10/31/2029. The tenant additionally has ten, five-year options to extend the lease, also increasing by 10 percent at each option period.
License(s): KY: 242197
Kentucky