Restaurant

Applebee's

505 Armco Rd, Ashland, KY 41101

Listing Price: $1,851,852

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,760
Guarantor
Franchisee Guarantee
Rentable SF
4,760
Price/Gross SF
$389.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.26

Investment Overview

The subject investment property is situated along Armco Road which runs parallel to Winchester Ave. Winchester Ave experiences average daily traffic counts exceeding 29,000 vehicles. There are approximately than 63,500 individuals residing within a five-mile radius of the property and more than 115,500 individuals within a ten-mile radius.

Investment Highlights

  • A 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.5 Percent Annually
  • Has Four Tenant Renewal Periods of Five Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $1,851,852

Cap Rate
6.75%
Tenant Name
Legacy Apple III, LLC
Gross SF
4,760
Guarantor
Franchisee Guarantee
Rentable SF
4,760
Price/Gross SF
$389.04
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.26

Investment Highlights

  • A 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.5 Percent Annually
  • Has Four Tenant Renewal Periods of Five Years Each

Investment Overview

The subject investment property is situated along Armco Road which runs parallel to Winchester Ave. Winchester Ave experiences average daily traffic counts exceeding 29,000 vehicles. There are approximately than 63,500 individuals residing within a five-mile radius of the property and more than 115,500 individuals within a ten-mile radius.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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