Freestanding NNN
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For Sale
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1481 Versailles Road, Frankfort, KY 40601
Freestanding commercial building leased under an absolute NNN structure with no landlord responsibilities.
Property Size5,932 SF
Price / SF$456.84
Days on Market6
Property Features for 1481 Versailles Road
General Information
Standard status
Active
Size
5,932 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$176,360
Building Details
Year Built
2011
Buildings
1
Tenancy
Single
Listing Agency:
Mid-America Real Estate
(630) 954-7398
Listed By:
Nick Kohlmann · License #IL
Source:
Crexi
Added: Aug 10
Changed: Aug 15
Last Checked: Aug 15 at 6:18AM
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 Mid-America Real Estate
Investment Insights
Based on property information with market context.
The offering includes a freestanding 5,932-square-foot commercial building occupied by Tire Discounters. Constructed in 2011, the property is located at 1481 Versailles Road in Frankfort, Kentucky.
The lease is structured as absolute NNN with an 8.5-year term and zero landlord responsibilities. The sale conveys the owner’s 100% simple interest in the property, combining an established freestanding building with a defined lease structure.
The lease is structured as absolute NNN with an 8.5-year term and zero landlord responsibilities. The sale conveys the owner’s 100% simple interest in the property, combining an established freestanding building with a defined lease structure.
Key Highlights
- 5,932‑square‑foot freestanding commercial building
- Occupied by Tire Discounters
- Absolute NNN lease structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 40601, KY
52,133
Population
24,224
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
217.5 sq mi
ZIP Area
240
Density / Sq Mi
$67,125
Median Household Income
$40,685
Median Earnings
$944
Median Rent
$199,900
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 - Freestanding commercial building leased under an absolute NNN structure with no landlord responsibilities.
Where is this nnn property located?
The property is located at 1481 Versailles Road Frankfort, KY.
What is the asking price?
The asking price for this property is $2,710,000.
What are key features of this property?
This property features: 5,932‑square‑foot freestanding commercial building; Occupied by Tire Discounters; Absolute NNN lease structure
