28181 Us-119 South Williamson, KY 41503
- Retail properties
- 2,975 SF
Current Use by Public Records
- Retail properties
Property Details for 28181 Us-119
- Year built
- 2023
- Property size
- 2,975 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, fee-simple Burger King restaurant built in 2023, located at 28181 US-119 in South Williamson, Kentucky (zip code 41503). The property boasts a 2,975 square foot building on over an acre of land, featuring a double drive-thru and excellent visibility along a main retail corridor. The property benefits from a strong location near the Kentucky/West Virginia state line, with convenient access to major retailers including Walmart, McDonald's, Hardee's, Arby's, Tractor Supply, and Bath & Body Works, as well as a Food City supermarket. The property's proximity to Belfry High School (enrollment exceeding 500 students) further enhances its appeal. The 20-year triple-net (NNN) lease commenced January 10, 2024, and includes four 5-year renewal options, each with a 7.5% rent increase. The current lease term is 19.1 years, with a 6.15% cap rate and a net operating income (NOI) of $141,000. The asking price is $2,292,000. This is a 1031 exchange eligible property with zero landlord responsibilities, offering a secure and passive income stream for the foreseeable future. The franchisee tenant provides excellent creditworthiness. Multiple points of ingress/egress from two roads ensure easy access for customers. This is a turnkey investment ideal for those seeking a stable, high-performing asset in a thriving retail location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Williamson
- County
- Pike
- State
- Kentucky
- Longitude
- -82.2709
- Latitude
- 37.6556
