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538 Ky Hwy Williamsburg, KY 40769

For Sale
$1,000,000

High-Yield NNN Property, Excellent Lease

Property size:
1,834 SF

Description

Added:
Feb 3, 2025
Days on Market:
310
This exceptional investment opportunity presents a 1,834 square foot general commercial property situated on a half-acre lot at 538 Ky Hwy 92, Williamsburg, KY. Currently leased at $8,000 per month through October 2023, with the tenant expressing a desire to renew, this property offers a compelling return on investment. The lease is structured as a true Triple Net (NNN) lease, meaning the tenant is responsible for all property expenses including taxes, insurance, and maintenance, minimizing the owner's operational responsibilities. Located in a university town, this property benefits from a stable and potentially growing tenant base. The property's strong cash flow and the current lease agreement make it an attractive proposition for investors seeking a reliable income stream. The seller is open to a 1031 exchange, providing a tax-advantaged transition for qualified buyers. It's important to note that the seller does not own the Huddle House franchise located on the property. This property presents a rare opportunity to acquire a high-yielding, low-maintenance commercial investment in a desirable location. The current lease provides immediate cash flow, and the potential for lease renewal further enhances the long-term value of this asset. Serious inquiries are encouraged to explore this exceptional investment opportunity.

Property Features for 538 Ky Hwy

General Information

Property type
Other commercial real estate
Square Feet
1,834 SF
Lot Size
21,780 SF

Building Details

Year Built
2003

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Williamsburg
County
Whitley
State
Kentucky
Longitude
-84.16962
Latitude
36.72214

FAQs

What type of property is this?
Commercial real estate - High-Yield NNN Property, Excellent Lease
Where is this commercial real estate located?
The property is located at 538 Ky Hwy Williamsburg, KY.
What is the asking price?
The asking price for this property is $1,000,000.
More about this property
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