$1,200,000

407 Lafayette Avenue

MOUNDSVILL KY, 26041

Description

This listing is one of 3 in a package of Huddle House locations which are all under lease with the same operator/franchisee. The current lease term on all 3 locations expires on March 1, 2033, with 3 extension options of 5 yrs each. Current monthly rent at this location is $6,500. It is a Net Lease (NNN) & the location at 398 Campbellsville Bypass, Campbellsville, KY is NNN as well. The Radcliff location at 3060 S Dixie Blvd, Radcliff, KY is a Net Lease minus annual property taxes which are paid by the landlord. Copies of redacted leases & point of sale (POS) data available under confidentiality agreement. The package price for all 3 locations is Three Million, Two Hundred Fifty Thousand Dollars ($3,250,000.)

Details

MLS#10047560
Sub-TypeResale
StatusActive
Year2005
Days On Site173

Features

SQ Feet2,454
Story(s)1
ZoningCCHA-Hwy Commercial

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Area Information

StateKY
CountyMARSHALL
CityMOUNDSVILL
Zip Code26041
Area65
Listing VS Median (in 26041)
Price:
$1,200,000
low | high
Med:
$1,200,000
50% of Average
SqFt:
2,454
low | high
Med:
2,454
50% of Average
$ / SqFt:
$489
low | high
Med:
$489
50% of Average
On Site:
173
low | high
Med:
173
100% of Average
Listing Updated: 09/22/2019
MLS Number: 10047560
Listing Provided By:
Jeff Farmer  of  SEMONIN REALTORS