Investment Overview

Marcus & Millichap is pleased to offer for sale the property at 475 Armco Road in Ashland, Kentucky. This property is comprised of 23,416 SF of GLA sitting on 2.55 acres of land with good visibility from Winchester Ave with 26,0000 VPD. The subject property is surrounded by a great retailer mix including Steak’ n Shake, Cinemax Movies, Texas Roadhouse, Applebee’s Grill & Bar, Speedway, Belk, Panera Bread, TJ Maxx, JC Penny, and Walmart Supercenter. This asset offers an opportunity for an investor to acquire a stabilized investment with no management responsibilities in a fast-growing corridor of Ashland, Kentucky. The corporate absolute-net lease runs through February 2023 and offers an incoming investor $246,403 in monthly net income while preparing to reposition the property as an owner user or to find a new tenant.