Current Use by Public Records
- Retail properties & Spaces
Property Details for 2980 Scottsville Rd
- Year built
- 2022
- Lot size
- 1.54 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 13-year ground lease for a 7 Brew Coffee location in Bowling Green, Kentucky. Situated on a 1.54-acre lot at 2980 Scottsville Rd, 42104, this property boasts a strong location across from Kroger and Sam's Club, adjacent to Greenwood Mall, and benefits from high traffic volume (32,000 vehicles per day) on Scottsville Road. The property, built in 2022, offers a substantial net operating income (NOI) of $115,000, translating to a compelling 6.50% capitalization rate. The asking price is $1,769,000. This is a true triple-net (NNN) lease, meaning the tenant is responsible for all property taxes, insurance, and capital expenditures, including roof, structure, and HVAC, providing the investor with zero management responsibilities. The lease includes 10% rent increases every five years and three five-year option periods with further increases. The surrounding area demonstrates strong demographics, with over 43,000 people within a three-mile radius, an average household income exceeding $83,000 within one mile, and a median home value over $230,000 within three miles. This presents a low-maintenance, high-return investment with significant long-term growth potential. The lease term is firmly established for 13 years.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bowling Green
- County
- Warren
- State
- Kentucky
- Longitude
- -86.4222
- Latitude
- 36.9438
