Property profile

1028 Bypass Lawrenceburg, KY 40342

OFF-MARKET
Retail properties & Spaces
3,886 SF 1.32 ac lot Built 2017
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,886 square foot, single-tenant, freestanding restaurant building in Lawrenceburg, Kentucky. Currently occupied by Sakura 16 Japanese Restaurant under a sublease, the property boasts a strong corporate guarantee from Bojangles' original 15-year lease, with approximately 7.4 years remaining until April 29, 2032. The lease includes three 5-year renewal options and features a 1.25% annual rent increase. Situated on 1.32 acres with 54 parking spaces, the property enjoys high visibility at the intersection of Bypass North and West Woodford Street, boasting a combined daily traffic count of 30,296 vehicles. The location is strategically positioned in a Walmart-anchored shopping center, alongside prominent national brands like Burger King, Murphy USA, and Little Caesars. Recent nearby developments include a Thoroughbred Express Carwash and Arby's, further enhancing the area's appeal. The property's Net Operating Income (NOI) is $134,534, resulting in a 7.08% cap rate at the asking price of $1,900,000. The property is zoned commercial and was built in 2017. This is a rare opportunity to acquire a stable, high-performing investment with significant long-term potential. The property's prime location and strong tenant history make it an attractive addition to any investment portfolio.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2017
Total area 3,886 SF
Lot 1.32 ac (57,499 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1028 Bypass Lawrenceburg, KY 40342
Lawrenceburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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