Restaurant
Hooters
241 Eastern Bypass, Richmond, KY 40475
Listing Price: $2,959,390
Investment Overview
Marcus & Millichap is pleased to present this NNN leased Hooters in Richmond, Kentucky. The lease structure is absolute net providing for zero land lord obligations. There are over 10 years of remaining term on the initial 20 year lease. The lease calls for rent escalation equal to the lessor of 10% or 1.25X the CPI and in each of the four, 5 year options. The property is well situated on a major commercial thoroughfare with easy access to I-75, the Richmond Centre Shopping Mall and Eastern Kentucky University.
Exclusively Listed By
Broker of Record
Listing Price: $2,959,390
Investment Highlights
- Long Term Absolute NNN Lease, 100% Fee Simple Interest
- Zero Landlord Obligations, Scheduled Increases in Rent
- Corporate Guaranty with Excellent Access and Visibility
- Proximate to Major Thoroughfares and Eastern Kentucky University
Investment Overview
Marcus & Millichap is pleased to present this NNN leased Hooters in Richmond, Kentucky. The lease structure is absolute net providing for zero land lord obligations. There are over 10 years of remaining term on the initial 20 year lease. The lease calls for rent escalation equal to the lessor of 10% or 1.25X the CPI and in each of the four, 5 year options. The property is well situated on a major commercial thoroughfare with easy access to I-75, the Richmond Centre Shopping Mall and Eastern Kentucky University.
Exclusively Listed By
Broker of Record
