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    376 Big Hill Ave Richmond, KY 40475

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    For Sale
    $2,928,571

    Long-term NNN lease with attractive rental increases and renewal options.

    Property size:
    7,405 SF
    Lot size:
    0.29 Acres

    Property Features for 376 Big Hill Ave

    General Information

    Size
    7,405 SF
    Lot size
    0.29 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Richmond Automotive Property For Sale

    This property features a long-term, 20-year absolute triple net (NNN) lease, set to commence upon closing. The lease agreement stipulates no landlord responsibilities. The lease incorporates attractive rental increases of 2.00% annually. The lease is backed by a corporate guarantee from Main Street Auto, a rapidly expanding operator of automotive repair shops in the southeast, with approximately 70 current locations and an anticipated 100 locations by the end of 2024. The lease includes four, 5-year renewal options, potentially extending the total lease term to 40 years. The property is suitable for auto shops, automotive properties, retail properties, NNN properties and specialty properties. The property contains 7,405 square feet and is located in Richmond, KY.
    Insight Report Location Intelligence

    Current Use by Public Records

    Miller's Automotive on Big ... Tire Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Tow Truck Richmond KY : Towing Service, Barger Auto & Truck Center, Caliber Collision, Walmart Auto Care Centers, 247 Towing Service & Tow Truck- Richmond, KY

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.2842891
    Latitude
    37.7393066

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    FAQs

    What type of property is this?
    Auto shop - Long-term NNN lease with attractive rental increases and renewal options.
    Where is this auto shop located?
    The property is located at 376 Big Hill Ave Richmond, KY.
    What is the asking price?
    The asking price for this property is $2,928,571.
    What are key features of this property?
    This property features: - Long-Term, 20-Year Absolute Triple Net (NNN) Lease offers worry-free investment.; - Strong Corporate Guarantee from Main Street Auto, a rapidly growing operator.; - Attractive 2.00% Rental Increases Annually boosting your returns.
    (332) 345-2408
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    Richmond, KY 40475
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    376 Big Hill Ave Richmond, KY 40475
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