REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,100,000
1,834 SqFt
$ 1,100,000
1,834 SqFt
Key Details
Property Type Vacant Land
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,834 sqft
Price per Sqft $599
MLS Listing ID 26019346
Year Built 2003
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Retail
Property Description
NNN Investment Opportunity - Strong Returns & Established Operator This exceptional triple net (NNN) investment offers reliable, passive income with $8,000 per month in rental income secured through September 30, 2028. The current tenant has expressed a desire to renew the lease upon expiration, providing investors with the potential for continued long-term occupancy. Featuring an attractive 8.7% cap rate, this property is an outstanding opportunity for investors seeking dependable cash flow with minimal management responsibilities. The tenant owns the franchise and is an experienced operator who has successfully operated this location since 2003. In addition, the tenant owns 12 other Huddle House restaurants throughout Southeast Kentucky, demonstrating financial strength, operational expertise, and a long-term commitment to the market. Strategically located in a thriving university community, the property benefits from excellent visibility and consistent traffic. Nearby demand drivers include Walmart, Kentucky Splash Water Park, a popular gaming destination, and convenient access to Interstate 75, all of which contribute to the property's strong and consistent performance. With a true NNN lease, the tenant is responsible for property taxes, insurance, and maintenance, allowing ownership to enjoy a truly passive investment with minimal landlord responsibilities. Don't miss this opportunity to acquire a high-performing, low-maintenance investment property backed by an established operator with a proven history of success and the potential for continued long-term tenancy.
Location
State KY
County Whitley
Zoning C
Interior
Heating Other
Cooling Central Air
Exterior
Parking Features On Site, Open, Paved
View Y/N N
Handicap Access No
Private Pool No
Listed by Kentucky Wide Realty