1028 Bypass Lawrenceburg, KY 40342
- Retail properties
- 3,886 SF
- 1.32 lot acres
Current Use by Public Records
- Sakura 16 Lawrenceburg / Restaurant
Property Details for 1028 Bypass
- Year built
- 2017
- Lot size
- 1.32 lot acres
- Property size
- 3,886 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawrenceburg
- County
- Anderson
- State
- Kentucky
- Longitude
- -84.9117
- Latitude
- 38.0371
