Restaurant with Drive-Thru For
For Sale
$725,000
2030 Bypass Rd, Brandenburg, KY 40108
Recently renovated restaurant with drive-thru, ready for immediate occupancy.
Property Size3,000 SF
Price / SF$241.67
Days on Market193
Property Features for 2030 Bypass Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Restaurant
Building Details
Building Size
3,000 SF
Listing Agency:
NAI Isaac
Listed By:
Zach Smith
(859) 333-8029
Source:
Thebrokerlist
Added: Feb 26
Changed: Aug 27
Last Checked: Sep 7 at 4:41AM
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 NAI Isaac
Investment Insights
Based on property information with market context.
This is a +/-3,000 SF recently renovated second generation restaurant with a drive-thru. The property includes 39 existing on-site parking spaces. Immediate occupancy is available, making it suitable for an owner-user occupant. Area retailers include Kroger, Save-a-Lot, Big Lots, Dollar General, Walgreens, McDonald's, and Taco Bell. The property is located near Nucor Steel Brandenburg, a new 1,500,000 SF state-of-the-art steel plate mill located in the Buttermilk Falls Industrial Park, which employs 440 employees. Nucor represents a $1.7B capital investment with operating facilities in the United States, Canada, and Mexico. The property is located 46 miles southwest of Louisville.
Key Highlights
- Recently renovated +/-3,000 SF second generation restaurant with drive‑thru.
- Immediate occupancy and suited for owner‑user occupant.
- 39 existing on‑site parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,154
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,080
$703.1K
Cap Rate 7%
$502,200
$502.2K
Cap Rate 9%
$390,600
$390.6K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.4K $16.80/SF
− Vacancy
−$3.5K −$1.18/SF
EGI
$46.9K $15.62/SF
− OpEx
−$11.7K −$3.91/SF
NOI
$35.2K $11.72/SF
Area
Meade County, KY
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$703,080
Cap Rate 7%
$502,200
Cap Rate 9%
$390,600
Alternative Uses
Best Use
Specialty Retail
$502.2K
$439.4K – $585.9K
NOI $35,154 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.4K
$553.4K – $737.9K
NOI $44,271 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 40%
Dining 10%
Dollar General
Shops & Services
9,343 visits/mo
0.3 miles
Save-A-Lot
Groceries
7,385 visits/mo
0.3 miles
Dairy Queen
Dining
1,908 visits/mo
0.1 miles
Demographics for 40108, KY
12,601
Population
5,311
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
91%
High-School Grad
69.0 sq mi
ZIP Area
183
Density / Sq Mi
$71,480
Median Household Income
$45,238
Median Earnings
$836
Median Rent
$216,200
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?
Drive through restaurant - Recently renovated restaurant with drive-thru, ready for immediate occupancy.
Where is this drive through restaurant located?
The property is located at 2030 Bypass Rd Brandenburg, KY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Recently renovated +/-3,000 SF second generation restaurant with drive‑thru.; Immediate occupancy and suited for owner‑user occupant.; 39 existing on‑site parking spaces.
