7848 Mall Rd Florence, KY 41042
- Sports & entertainment properties
Current Use by Public Records
- The Wing Experience / Chicken Wings Restaurant
- Smokey Bones Florence / Barbecue Restaurant / Steak House
- The Burger Experience / Hamburger Restaurant
Property Details for 7848 Mall Rd
- Property type
- Sports & entertainment properties
- APN
- 062.77-25-001.01
- APU
- 62772500101
Description
This exceptional investment opportunity presents a 7,200 square foot freestanding Smokey Bones restaurant located at 7848 Mall Rd, Florence, KY 41042. The property boasts a desirable location in Boone County, Kentucky, and benefits from an absolute NNN lease structure with a corporate tenant, ensuring minimal landlord responsibilities. The current lease expires on December 31, 2025, with two, five-year renewal options, providing long-term income stability. Built in 2005, this single-story, 7,200 square foot building sits on a commercially zoned lot. The property offers a compelling 6.50% cap rate and a strong net operating income (NOI) of $124,117, with an asking price of $1,909,492 ($265.21 per square foot). The remaining lease term is approximately 1.1 years. This is an ideal investment for those seeking a stable, high-return retail property with a well-established tenant in a prime location. The property's strong demographics and the absolute NNN lease structure contribute to its attractive investment profile. This single-tenant, single-building property presents a low-management, high-reward opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6511
- Latitude
- 38.9923
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
