Absolute NNN Retail Ground
For Sale
Contact for pricing
748 North Lake Drive, Prestonsburg, KY 41653
Single-tenant AutoZone property built in 2011, operating under an absolute NNN ground lease with about nine years remaining.
Property SizeContact for details
Days on Market122
Property Features for 748 North Lake Drive
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Northmarq San Diego
(818) 907-4690
Listed By:
Mike Philbin · License #CA 01922822
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 20 at 8:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq San Diego
Investment Insights
Based on property information with market context.
This commercial property consists of a +/- 7,500-square-foot retail building constructed in 2011 and is currently 100% occupied by AutoZone. The asset is operated under an absolute NNN ground lease with AutoZone Development Corporation, a wholly owned subsidiary of AutoZone, Inc. The lease term is 15 years, with approximately nine years of primary term remaining.
The property is located at 748 North Lake Drive in Prestonsburg, Kentucky. The lease includes four 5-year renewal periods, with rental increases of 10% every five years throughout the base term and extension options.
The property is located at 748 North Lake Drive in Prestonsburg, Kentucky. The lease includes four 5-year renewal periods, with rental increases of 10% every five years throughout the base term and extension options.
Key Highlights
- Single‑tenant +/−7,500 SF AutoZone property at 748 North Lake Drive, Prestonsburg, KY, built in 2011
- 100% occupied by AutoZone under an absolute NNN ground lease
- 15‑year absolute NNN ground lease with approximately nine years of primary term remaining
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 35%
Home Improvements & Furnishings 16%
KFC
Dining
8,040 visits/mo
0.5 miles
Dollar General
Shops & Services
6,024 visits/mo
0.1 miles
Curt's Ace Hardware
Home Improvements & Furnishings
5,558 visits/mo
0.4 miles
U.S. Bank
Shops & Services
5,105 visits/mo
0.3 miles
First Commonwealth Bank
Shops & Services
4,434 visits/mo
0.1 miles
Demographics for 41653, KY
10,937
Population
5,361
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
82%
High-School Grad
125.3 sq mi
ZIP Area
87
Density / Sq Mi
$43,984
Median Household Income
$36,858
Median Earnings
$662
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant AutoZone property built in 2011, operating under an absolute NNN ground lease with about nine years remaining.
Where is this nnn property located?
The property is located at 748 North Lake Drive Prestonsburg, KY.
What are key features of this property?
This property features: Single‑tenant +/−7,500 SF AutoZone property at 748 North Lake Drive, Prestonsburg, KY, built in 2011; 100% occupied by AutoZone under an absolute NNN ground lease; 15‑year absolute NNN ground lease with approximately nine years of primary term remaining
